Harbor Group International adds to Southern California multifamily portfolio

Affiliates of Harbor Group International announced the acquisition of The Vermont, a high-rise multifamily community in Los Angeles’ Koreatown submarket. Image Capital partnered with HGI on the transaction. The acquisition adds to HGI’s growing footprint in Southern California, after the acquisition of three multifamily communities in Long Beach, Calif., in July 2022 and marking its 10th investment in the region.

Built in 2014, The Vermont comprises 464 apartment units across two high-rise towers perched above 31,000 square feet of retail space. The two towers are connected by a seventh-floor sky lobby that features a library lounge, a club lounge and a fitness center. The community also includes a six-level parking structure with separate entrances for residents and retail guests.

In addition to the sky lobby, the community’s seventh floor offers nearly 27,500 square feet of outdoor space, including a resort-style pool and spa, yoga garden, dog parks a