DALLAS–Harbor Group International LLC (“HGI”)has announced that affiliates of the company have acquired atwelve-property, 3,100-unit multifamily portfolio located in Dallasand Houston. The acquisitions represent HGI's largestapartment portfolio transaction in company history.

HGI plans to invest approximately $10 million to upgrade unitinteriors, enhance property amenities and improve curb-appeal.

“The acquisition of the Portfolio reflects HGI's strategicdecision to expand our investment and operational presence in majorTexas markets,” T. Richard Litton Jr.,president of HGI, told GlobeSt.com. “Each asset is located ina stable, desirable market where HGI has a successful track recordof deploying capital and building value for our investors. Inaddition, HGI again has demonstrated the ability to completecomplicated portfolio transactions involving intricate debtstructures.”