March 19, 2018
NY-based Besyata Investment Group and The Scharf Group acquired One Dartmouth Place in Denver, CO from Oak Coast Properties for $65.5 million. The 418-unit apartment property is located at 11000 E. Dartmouth Ave., within five minutes of the Denver Tech Center in Southeast Denver that offers a comprehensive amenity package.
By capitalizing on the exterior capital improvement program implemented by previous ownership, Besyata and Scharf plan to add value to the property through gradual unit renovations. That will also extend to amenity and common area enhancements to better compete with properties in the area.
BH Management, Besyata’s long-standing partner and leading property manager of more than 70,000 apartments across 23 states, will handle the day-to-day property management and leasing.
For comments, questions or concerns, please contact Dennis Kaiser