Revitate Cherry Tree Acquires Third Indiana Multifamily
Revitate Cherry Tree, a private real estate investment platform specializing in acquiring and operating multifamily assets, has acquired Tuscany Bay, a 96-unit multifamily property in Lawrenceburg, IN, approximately 26 miles from Cincinnati. The acquisition was the last for Revitate Cherry Tree Multifamily Fund.
Revitate Cherry Tree’s Tuscany Bay acquisition comes on the heels of its 182-unit acquisition in Jeffersonville, IN and a 210-unit acquisition in Elkhart, IN, giving the firm economies of scale across the state.
“Migration patterns to the Sunbelt are well-known and well-documented across general and financial media,” said Alex Bhathal, Revitate executive chairman and Revitate Cherry Tree general partner. “But another set of American cities is often overlooked – one that is attracting a growing population of residents drawn by good job prospects, attainable cost of living, and a diverse array of living amenities. These Midwest growth markets include Kansas City, Louisville, Indianapolis, Cincinnati and Columbus.”
Meet industry experts at the upcoming Connect Midwest: Multifamily and Adaptive Reuse Trends, which takes place June 13, 2023 at the W Chicago City Center Hotel. Click here for more information and to register.