ORLANDO-Harbor Group International LLC has snapped up three apartment properties in Florida for a combined $99.7 million. T. Richard Litton Jr., president of HGI, said that the Norfolk, Virginia-based firm is spending roughly $5 million to upgrade the three apartment communities.
HGI purchased 472 apartments at Island Club in Orlando; 444 apartments in West Palm Beach; and 302 apartments at Serramar in Fort Lauderdale. CBRE Group Inc. represented the seller of the apartment portfolio. For the full story, go to Commercial Property Executive .
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