Harbor Group Buys More Than 13,000 Apartments in $1.85 Billion Deal

Sunbelt rental apartments have average monthly rents of $1,010

 
A large rental-apartment landlord with offices in the U.S. and Israel has purchased a portfolio of 13,243 units primarily in the Sunbelt in a deal that values them at $1.85 billion, including debt.

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About HGI

Harbor Group International (HGI) is a leading global real estate investment and management firm. With $12.5 billion in real estate investment properties, the firm invests in and manages diversified property portfolios including office, retail, and multifamily properties. With over 35 years of experience in the industry and over 1,000 employees worldwide, HGI continues to look for real estate investment opportunities.

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Harbor Group International controls $12.5 billion in real estate investments and is constantly exploring real estate investment opportunities in the worldwide market.