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Harbor Group International, The Garrett Companies and Telis Group Form Joint Venture to Recapitalize 11-Asset Multifamily Portfolio
JYNTThe Joint (JYNT) Prnewswire·2025-01-15 14:00

Portfolio spans 2,192 units with a total capitalization of 630.5millionNORFOLK,Va.,Jan.15,2025/PRNewswire/−− AffiliatesofHarborGroupInternational,LLC("HGI"),aprivatelyownedinternationalrealestateinvestmentandmanagementfirm,todayannouncedajointventurewithTheGarrettCompaniesandTelisGrouptofundthe630.5 millionNORFOLK, Va., Jan. 15, 2025 /PRNewswire/ -- Affiliates of Harbor Group International, LLC ("HGI"), a privately owned international real estate investment and management firm, today announced a joint venture with The Garrett Companies and Telis Group to fund the 630.5 million recapitalization of an 11-asset multifamily development portfolio.The transaction involved a complex financial structure requiring coordination with nine differen ...