Texas Multifamily Portfolio
Dallas and Houston, TX

HGI acquired a twelve-property, 3,100 unit multifamily portfolio located in Dallas and Houston, Texas in October and November 2014.

The per unit purchase price was $93,000, with total capitalization of $306,350,000. HGI is investing approximately $10 million to upgrade unit interiors, enhance property amenities and improve curb appeal.

This transaction allowed HGI the opportunity to acquire a diversified portfolio of high quality assets in excellent locations, in two of the strongest apartment markets in the U.S. HGI has significant experience in these two submarkets, both in the current portfolio and through fully realized investments.

About HGI

Harbor Group International (HGI) is a leading global real estate investment and management firm. With more than $8.2 billion in real estate investment properties, the firm invests in and manages diversified property portfolios including office, retail, and multifamily properties. With over 33 years of experience in the industry and over 760 employees worldwide, HGI continues to look for real estate investment opportunities.

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Harbor Group International controls $8.2 billion in real estate investment properties and is constantly exploring real estate investment opportunities in the worldwide market.