3,590 units purchased across South Carolina, Louisiana, Tennessee and Georgia

NORFOLK, VA — June 9, 2025 — Affiliates of Harbor Group International, LLC ("HGI"), a privately owned international real estate investment and management firm, today announced the $625 million acquisition of a portfolio of 11 multifamily properties throughout the U.S. Southeast. Under HGI’s management, the company will implement a value-add program across the communities through targeted renovations and an active asset management strategy.

Spanning South Carolina, Louisiana, Tennessee and Georgia, the properties within the portfolio are strategically located in high-growth southern markets. In particular, South Carolina has seen significant growth, ranking as the fourth fastest-growing state in 2024.

“The addition of these communities deepens HGI’s presence within markets exhibiting robust multifamily fundamentals where we already have a strong operating footprint,” said Yisroel Berg, Chief Investment Officer of Multifamily at HGI. “With limited new supply in the surrounding areas of each property, we are well-positioned to leverage our local market knowledge to support continued high occupancies and unlock rent growth opportunities.”

Built between 1996 and 2010, the communities feature spacious layouts and boast high ceilings throughout, complemented by well-maintained brick and stacked stone exteriors. Amenities across the properties include swimming pools, fitness centers, grilling stations and resident clubhouses. As of March 2025, the portfolio was 95% occupied.