Harbor Group, CBRE IM Close on Boston-Area Multifamily Portfolio

Harbor Group, CBRE IM Close on Boston-Area Multifamily Portfolio
News| September 10, 2025| Paul Bubny
Boston & New England + Apartment Buildings

Affiliates of Harbor Group International, LLC (HGI) and CBRE Investment Management have closed on four of the properties in a $740-million multifamily portfolio acquisition spanning five properties and 2,719 units across New England.  The two companies said the transaction reflects the strength of the region’s rental housing market and builds on their established footprints in Greater Boston.

“The New England region continues to demonstrate some of the strongest multifamily fundamentals in the country,” said Yisroel Berg, CIO of multifamily at HGI. “We are excited to partner with CBRE Investment Management and look forward to implementing this value-add strategy on behalf of both our investors and residents, while preserving the stable, high occupancies that made this portfolio so attractive.”

At CBRE IM, Matt Tepper, head of Americas, Indirect Real Estate Strategies, said, “This acquisition exemplifies our strategy of investing in attainable and high-quality multifamily assets in markets supported by strong demand drivers.”

As previously reported, the seller was Denver-based Apartment Investment and Management Company.

Hear from the Industry’s Best: Connect Apartments 2025 brings together leaders from across the multifamily sector—including Equity Residential, Related California, Hanover Residential, Thorofare Capital, Marcus & Millichap—sharing real insights from the companies shaping our industry. Whether it’s investment strategies, regulatory outlooks, or growth trends, this one-day event in LA on September 11 gives you direct access to the execs who make the decisions. Don’t just attend—connect with the companies driving change: www.connectapts2025.com 

Other News

Synergy Hosts Official Opening for Massachusetts’ Largest Office-to-Resi Conversion

Boston & New England + Apartment Buildings

Synergy held the official opening of Altitude Worcester, the largest office-to-residential conversion in Massachusetts, with a ribbon cutting ceremony with Juana Matias, the Secretary of the Massachusetts Executive Office of Housing and Livable Communities , and the City of Worcester. The event also marked the completion of 22 Elm St., the adjacent affordable homeownership community Synergy...

Learn more

MBTA Issues RFQ for Redevelopment of Lynn Commuter Parking Garage

Boston & New England + Apartment Buildings

The Massachusetts Bay Transportation Authority (MBTA) has issued a request for qualifications from would-be redevelopers of its downtown Lynn, MA commuter parking garage. It’s the first of a two-step process, to be followed by a request for proposals. The five-story garage opened in 1992 and has been partially closed since 2022 over safety concerns, ItemLive...

Learn more

Kidder Mathews Arranges Sale of 45-Unit Multifamily in Walla Walla

Seattle & Northwest + Apartment Buildings

Suncrest Apartments, a 45-unit multifamily community located at 1800 Evergreen Street in Walla Walla, Washington, has sold for $4.3 million. Kidder Mathews Vice President Max Frame of the Simon | Anderson Multifamily Team in Seattle represented the seller, Art Griff, in the transaction. The buyer was Jason Zook. Situated on 1.72 acres, Suncrest Apartments consists...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up