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HGI News

Harbor Group International Sells 6-Property Baltimore Apartment Portfolio

BALTIMORE, MD (February 22, 2017) -- Harbor Group International, LLC (“HGI”) announced today that affiliates of the company have sold a six-property portfolio in Baltimore, Maryland for $247 million. HGI affiliates acquired the portfolio in July of 2011 for $190 million and invested an additional $7.75 million into various exterior and interior renovations.

The Portfolio consists of the following properties:
• Crosswinds at Rolling Road, 808 units
• Diamond Ridge, 92 units
• The Glens at Rolling Road, 270 units
• Granite Run, 264 units
• Rolling Wind, a 280 units
• Stratton Meadows, 270 units

“We are pleased with the performance of the entire portfolio and the success of our portfolio-wide investment strategy which capitalized on a healthy submarket and economies of scale,” said T. Richard Litton, Jr., President of Harbor Group International, “This transaction shows HGI’s versatility when it comes to acquiring or selling apartment property portfolios.”

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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.