NEW YORK CITY-Affiliates of Manhattan-based Harbor Group International, LLC have acquired a four-property multifamily portfolio located in Nashville, Tennessee, the company unveiled in a statement.  The portfolio includes 1,593 apartments at a total purchase price of $130.5 million. 

The portfolio consists of the 627-unit Cherry Creek; the 346-unit Arbors of Brentwood; the 360-unit Cambridge at Hickory Hollow; and the 260-unit Preakness. HGI plans to invest an additional approximately $4.69 million — approximately $2,900 per unit — into various exterior and interior upgrades to the buildings.

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