Harbor Group International Expands with New Multifamily Acquisition in New England

Harbor Group International Expands in New England

Harbor Group International, LLC (HGI), a prominent player in real estate investment and management, has announced a significant acquisition that marks a crucial milestone in its growth strategy. The firm has entered into a $740 million agreement to acquire a portfolio comprising five multifamily communities strategically located across New England. This move underscores HGI's commitment to enhancing its presence in one of the most resilient real estate markets in the United States.

Strategic Acquisition and Future Plans

HGI's acquisition includes approximately 2,719 housing units concentrated primarily in the Greater Boston area, encompassing Massachusetts, New Hampshire, and Rhode Island. The properties are nestled in strong suburban submarkets, a strategic choice that supports long-term occupancy and integrates seamlessly into HGI's current operational framework. Chief Investment Officer, Yisroel Berg, expressed optimism about this acquisition, stating, "The addition of these communities will deepen HGI's presence within the Boston area, a market exhibiting robust multifamily fundamentals where we already have a strong operating footprint."

This acquisition aligns with HGI’s broader investment strategy, focusing on a value-add program that includes targeted renovations and an active asset management approach. Combining local market acumen with strategic planning, HGI aims to enhance the resident experience while maintaining stability in occupancy rates.

Property Overview

The five properties in question were developed between 1970 and 1974 and boast unit interiors equipped with modern stainless steel appliances and hardwood flooring. Residents also enjoy a suite of amenities, including swimming pools, fitness centers, clubhouses, and well-maintained community green spaces. As of July 2025, occupancy within the portfolio stood at an impressive 95.7%, with historical trends indicating a robust average occupancy of around 97% since 2022. This reflects a strong demand for housing and a healthy rental market in the area.

HGI's Established Track Record

This acquisition represents another chapter in HGI's extensive portfolio management journey. Currently, the company owns 978 units across four assets in the Boston area and maintains a historically successful investment strategy, having acquired and sold over 3,100 units across nine properties in Massachusetts. Following this acquisition, HGI will have completed multifamily acquisitions totaling approximately $2.2 billion for the year 2025 alone, solidifying its reputation as a seasoned player in the real estate sector.

HGI’s diversified portfolio not only includes residential properties but also substantial commercial assets, showcasing its ability to navigate various segments of the real estate market effectively. This acquisition further supports HGI’s vision of strategic growth and expansion within key metropolitan areas.

About Harbor Group International

Founded in Norfolk, Virginia, Harbor Group International, LLC, and its affiliated companies manage a robust investment portfolio worth approximately $21 billion. This portfolio includes around 62,000 apartment units across the United States and approximately 5.0 million square feet of commercial space both domestically and in the United Kingdom. HGI continues to expand its footprint with offices in major cities including New York, Baltimore, Los Angeles, and Tel Aviv. As the firm evolves, it remains focused on providing exceptional living experiences and solid investment returns through smart real estate practices.

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