NORFOLK, VA - Affiliates of Harbor Group International ("HGI"), a privately owned international real estate investment and management firm, together with CBRE Investment Management, announced the closing of four of the properties in a $740 million multifamily portfolio acquisition spanning five properties and 2,719 units across New England.
As one of the largest multifamily trades in New England this year, the transaction reflects the strength of the region's rental housing market and builds on both firms' established footprints in Greater Boston.
"The New England region continues to demonstrate some of the strongest multifamily fundamentals in the country," said Yisroel Berg, Chief Investment Officer of Multifamily at HGI. "We are excited to partner with CBRE Investment Management and look forward to implementing this value-add strategy on behalf of both our investors and residents, while preserving the stable, high occupancies that made this portfolio so attractive."
"This acquisition exemplifies our strategy of investing in attainable and high-quality multifamily assets in markets supported by strong demand drivers," said Matt Tepper, Head of Americas, Indirect Real Estate Strategies at CBRE Investment Management. "Through our partnership with HGI, we are positioned to unlock value through thoughtful asset management while providing desirable housing to residents across Greater Boston."
With this acquisition, HGI owns and manages more than 3,600 units in the Boston area and has executed approximately $2.2 billion in multifamily acquisitions year to date in 2025, reflecting the firm's continued momentum in the sector.
Source: Harbor Group International / CBRE Investment Management