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Affiliates of Harbor Group International (HGI) has formed a joint venture with The Garrett Cos. 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 different lenders across a diverse range of markets. The deal underscores HGI’s ability navigate multi-faceted financial structures, securing long-term growth and stability for its investors.