Candlelight Apartments in Warren Sells for $6M

WARREN, Ohio – An apartment complex along Harvard Avenue has sold to a group based in Farmington, Mich., for more than $6 million, according to data from the Trumbull County Auditor’s office.

New Candlelight Apartments LLC has sold its apartment complex consisting of seven parcels and 12 buildings to Warren Owner LLC for $6.05 million, records show. The sale was recorded July 25.

Auditor’s data show that Warren Owner LLC lists its tax mailing address as 31731 Northwestern Hwy. Suite 250W, Farmington, Michigan.

The address is the same as Beztak Property Development, a family-owned company that develops, renovates and owns residential apartments, senior living campuses and commercial properties across the country. The company’s website lists a Warren location at 1006 Harvard as part of its Ohio portfolio.
A call seeking comment from Beztak was not returned.

The company lists several sites across Ohio, including the Columbus, Cleveland and Cincinnati areas.

Beztak also owns residential apartments in Michigan, Iowa, Arizona, Oklahoma, Florida, Arkansas, Mississippi, Tennessee, Indiana, Illinois, Kentucky, and Washington, D.C., according to its website.

The Ohio Secretary of State Office shows that Warren Owner LLC was organized as an Ohio entity on June 22, listing DHP Landerbrook Inc. of Cleveland as its statutory agent.

Copyright 2022 The Business Journal, Youngstown, Ohio.