Harbor Group Acquires 9,677-Unit Apartment Portfolio in $1.8 Billion Deal from Lone Star

by | Dec 4, 2017 | Commercial Real Estate News

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Harbor Group Acquires 9,677-Unit Apartment Portfolio in $1.8 Billion Deal from Lone Star

The 696-unit Gardencrest Apartments in Waltham, MAHarbor Group International has acquired a 25-property, 9,677-unit multifamily portfolio spanning five metropolitan areas from affiliates of Lone Star Funds.

The $1.8 billion transaction (about $186,000 per unit) is the company’s largest to date and increases Harbor Group’s investment portfolio from $5.2 billion to $7.1 billion.

The properties are located in the Washington DC, Philadelphia, Baltimore…

Article From: "Key Realty Commercial Real Estate News"   Read full article