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. Located approximately 26 miles from Cincinnati this acquisition marks the last for Revitate Cherry Tree Multifamily Fund.
The Tuscany Bay acquisition comes on the heels of two other acquisitions by Revitate Cherry Tree; 182 units located in Jeffersonville and 210 units located in Elkhart giving them economies of scale across Indiana. Alex Bhathal executive chairman and general partner at Revitate commented “Migration patterns to the Sunbelt are well-known but another set of American cities is often overlooked – one that is attracting a growing population due to good job prospects, attainable cost of living and diverse amenities such as Kansas City Louisville Indianapolis Cincinnati & Columbus”
This latest purchase further cements Revitates presence within these Midwest growth markets making it an attractive option for investors looking to capitalize on their potential.
