ORLANDO-Harbor Group International LLC has snapped up threeapartment 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 thethree apartment communities.

HGI purchased 472 apartments at Island Club in Orlando; 444apartments in West Palm Beach; and 302 apartments at Serramar inFort Lauderdale. CBRE Group Inc. represented the seller of theapartment portfolio. For the full story, go to Commercial Property Executive .

GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Aggregate (external)
Multifamily
National
Orlando