Harbor Group picks up 11 Sun Belt Multifamily Properties, 3,590 units for $625M ($174K/unit) from David Werner JV

6/2/2025

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Bisnow

• Subcategory: MF: Market Rate

• Tag: JV-Partnership | Sale

• Additional Filters-Subcategory: MF: Garden, MF: Midrise

• Additional Filters-Tags: Sale: Investment, Sale: Portfolio

• Company: Harbor Group International (HGI), David Werner Real Estate Investments, Onyx Equities

Harbor Group International paid $625M for 3,590 Sun Belt apartment units. The privately managed global real estate investment firm acquired 11 properties across South Carolina, Louisiana, Georgia and Tennessee that were built between 1996 and 2010. The sale breaks down to roughly $174K per door at the properties, which are 95% occupied.