Affiliates of Harbor Group International, LLC and Azure Partners acquired Avalon Green in Elmsford, NY in a $306 joint venture. HGI plans to implement a $9.2 million capital improvement program across the garden-style multifamily community to refresh amenities and common areas and modernize select interior units.

Built in three phases in 1995, 2012 and 2016, respectively, the property totals 617 units and features a mix of townhouses, apartment homes and stacked flats. A portion of HGI’s capital improvement program will focus on updating the interiors in Phase I and Phase II of the community to include contemporary finishes.

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