Harbor Group International has purchased The Warner, a 336-unit luxury multifamily community in Round Rock, Texas, a suburb of North Austin.
The acquisition marks HGI’s reentry into the Austin market and expands the firm’s Texas multifamily portfolio, which comprises 8,647 apartment units.
The property is 98 percent leased as of July 2023, demonstrating strong performance and demand for high-quality apartment housing in the Austin market, the 10th-largest and fastest-growing city in the United States.
“Austin has been a priority market for HGI in recent years as the city’s strong business environment has supported healthy long-term multifamily supply and demand fundamentals,” said Yisroel Berg, CIO – multifamily at HGI. “As an active credit investor in major Texas markets, we were able to leverage our investment expertise and experience. We look forward to continuing to leverage the breadth of our local and national operating platform and investmen