Commercial Observer's exclusive coverage of HGI's $630 multifamily portfolio recap joint venture:
HGI, Garrett Companies, Telis Group Form JV, Close $630 Million Portfolio Recap
HGI joined the developers as a new equity partner in the massive recap.
By Cathy Cunningham
January 20, 2025
The bubblings of new transaction activity are palpable as we enter 2025, and Harbor Group International (HGI) just closed its first big multifamily investment of the year.
The real estate investment firm just formed a joint venture (JV) with The Garrett Companies and Telis Group to complete the $630.5 million recapitalization of a 2,192-unit multifamily portfolio in various stages of development, Commercial Observer can first report.