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Riverbend Village apartments acquired by Greensboro real estate firm Bell Partners

Riverbend Village apartments acquired by Greensboro real estate firm Bell Partners
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Bell Partners of Greensboro buys Riverbend Village apartments in Charlotte for $58 1M

Bell Partners of Greensboro buys Riverbend Village apartments in Charlotte for $58 1M
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Bainbridge NoDa apartments in Optimist Park sell to TA Realty - Charlotte Business Journal

Bainbridge NoDa apartments in Optimist Park sell to TA Realty - Charlotte Business Journal
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

Harbor Group International Acquires 2,300-Unit Portfolio of Eight Multifamily Communities Across The Southeast for $309 Million

NORFOLK, VA - Harbor Group International, a privately-owned international real estate investment and management firm, announced the acquisition of a portfolio of eight multifamily communities in the U.S. Southeast for $309 million. Seven properties are in North Carolina markets, including Charlotte, Raleigh, Winston-Salem, Greensboro, Durham, and one property is in Hampton, Va.  The portfolio was sold by Newmark s Dean Smith and John Heimburger and financing was arranged by Newmark Capital Markets Team Henry Stimler, Bill Weber and Matt Mense.   The acquisition marks HGI s return to the North Carolina market and expands the firm s footprint in Virginia. The portfolio totals more than 2,300 units and each property is proximate to major employers and office markets as well as entertainment centers.  

Harbor Group acquires $309M multifamily portfolio

Harbor Group International (HGI) has acquired an eight-property multifamily portfolio for a JV of McDowell Properties and Angelo Gordon for $309 million. Know as The Southern Piedmont Portfolio, the package includes 2,322 units spread across suburban submarkets in North Carolina and Virginia. HGI plans a $13 million capital expenditure program to upgrade and modernize the properties, which has an average vintage in the early 1990s, with about 71 percent of the garden-style units featuring classic or lightly renovated finishes. A team from Newmark that included John Heimburger, Christine Espenshade, Dean Smith, Sean Wood, Alex Okulski, Jason Kon and John Munroe were the sole brokers on the transaction.

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