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HGI News

Harbor Group International Completes Eight Dispositions in Active Month

NORFOLK, VA (November 7, 2016) -- Harbor Group International, LLC (“HGI”) announced today that affiliates of the company have sold eight properties, with an aggregate sales price of approximately $352,505,000. The aggregate purchase price for the properties was approximately $280 million.

The properties are:
1. 100 Plaza Drive – 264,974 square feet, Secaucus, New Jersey
2. Lakeshore Apartments – 740 units, Indianapolis, Indiana
3. Waterman’s Crossing – 260 units, Newport News, Virginia
4. Arbours of Hermitage – 350 units, Hermitage, Tennessee
5. Carrington Park – 364 units, Dallas, Texas
6. Briarcrest – 238 units, Dallas, Texas
7. Huntington Glen – 224 units, Dallas, Texas
8. Waterford at Mandarin – 432 units, Jacksonville, Florida

“These properties demonstrate multiple HGI investment strategies in key markets, executed according to our investment thesis for each respective property,” said T. Richard Litton, Jr., President of Harbor Group International, “The Texas properties demonstrate HGI’s ability to acquire large portfolios and maximize each individual asset, 100 Plaza Drive continues HGI’s track record with commercial office properties, and the remaining properties reflect HGI’s ability to capitalize on market trends.”

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Harbor Group International, LLC provides real estate management and real estate investment opportunities and services and is not affiliated with Harbour Group Industries, Inc. (whose website may be found at www.harbourgroup.com), which offers investment services in connection with the acquisition of, development and operation of industrial and manufacturing companies.