Stone Ends in Stoughton, Massachusetts.

Harbor Group International Sells 1,722-Unit Portfolio in Metro Boston

by Channing Hamilton

BOSTON — Harbor Group International (HGI) has sold a portfolio of 1,722 units across six communities in the greater Boston area. HGI acquired the portfolio in 2019 for $384 million. The company instituted a $13.6 million capital improvement program to renovate interior units, update property amenities, address outstanding deferred maintenance items and enhance overall curb appeal. Newmark represented HGI in the deal. A fund managed by Bridge Multifamily Fund Manager LLC, an affiliate of Bridge Investment Group Holdings Inc. (NYSE: BRDG), was the buyer.

The properties included in the portfolio are:

  • Commons at Haynes Farm in Shrewsbury, Massachusetts
  • Middlesex Crossing in Billerica, Massachusetts
  • Meadows at Marlborough in Marlborough, Massachusetts
  • Heights at Marlborough in Marlborough
  • Stone Ends in Stoughton, Massachusetts
  • Village at Marshfield in Marshfield, Massachusetts

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