Friday, November 6, 2015

Virginia firm buys Cherry Hill apartment complex, two more for $300M

Affiliates of real estate investment and management firm Harbor Group International have acquired three Mid-Atlantic region apartment complexes, including a 546-unit development in Cherry Hill.

More than $300 million total was paid for for the Grand, a two-building high-rise complex on Frontage Road, and two other properties, Norfolk, Va.-based Harbor Group said in a release Thursday.

Also purchased were the 704-unit Crest at Princeton Meadows in Plainsboro, N.J., outside Princeton, and the 748-unit Jefferson at Orchard Pond in Gaithersburg, Md.

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