/

|

As the Norfolk, Virginia-based apartment owner and manager has grown to 54,000 multifamily units, it has traditionally been “fairly agnostic to product type,” with a portfolio that includes everything from high-rises in Miami to single-story properties in the Midwest, Yisroel Berg, chief investment officer of multifamily at Harbor Group, told Multifamily Dive...Lately, that opportunity has been in newly built properties. Last year, the firm purchased two newly built projects in West Palm Beach, Florida: Pine Ridge and Locklyn West Palm. In December, it purchased The Statesman, a newly built 336-unit multifamily community in the northeast Atlanta suburb of Cumming, Georgia. It continued gobbling just-constructed assets this year, acquiring two newly developed properties, Ladora Modern and Prospector Modern, in Denver.