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.

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Harbor Group International controls $20 billion1 in real estate investments and is constantly exploring real estate investment opportunities in the worldwide market.