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Harbor Group International Closes Deal for New York Multifamily

Mill Creek Residential Trust, a national multifamily development and acquisition company, brought the 504-unit apartment community in New York’s Rockland County called the Peak of Nanuet.

Peaks of Nanuet. Credit: Harbor Group International and Alister Nanuet

NEW YORK CITY – Harbor Group International, a real estate investment firm, in a joint venture with Azure Partners, a real estate investment management firm, has sold a 504-unit apartment community in New York’s Rockland County called the Peak of Nanuet to Mill Creek Residential Trust, a national multifamily development and acquisition company.

Harbor and Azure paid $147 million for the Nanuet, New York property when they acquired it in 2016, according to Yardi Matrix data. How much the pair cashed in for the property is unknown. However, the Rockland County Business Journal reported Mill Creek paid $180 million.

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Mariah Brown

Mariah Brown

Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.

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