Harbor Group International Acquires 2,300-Unit Portfolio of Eight Multifamily Communities Across The Southeast for $309 Million
NORFOLK, VA - Harbor Group International, a privately-owned international real estate investment and management firm, announced the acquisition of a portfolio of eight multifamily communities in the U.S. Southeast for $309 million. Seven properties are in North Carolina markets, including Charlotte, Raleigh, Winston-Salem, Greensboro, Durham, and one property is in Hampton, Va. The portfolio was sold by Newmark's Dean Smith and John Heimburger and financing was arranged by Newmark Capital Markets Team Henry Stimler, Bill Weber and Matt Mense. The acquisition marks HGI's retu...
Source: multifamilybiz.com