Harbor Group International sells multifamily portfolio in Boston
Transactions - AUGUST 9, 2023

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Harbor Group International sells multifamily portfolio in Boston

by Released

Harbor Group International has sold Boston Portfolio, a 1,722-unit multifamily portfolio comprised of six properties in various supply-constrained suburban submarkets of Boston to an undisclosed buyer.

HGI acquired the property in 2019 for $384 million and instituted a $13.6 million capital improvement program to renovate interior units, upgrade property amenities, address outstanding deferred maintenance items and enhance overall curb appeal. The properties within the portfolio include:

Commons at Haynes Farm: Located in Shrewsbury, Mass. Middlesex Crossing: Located in Billerica, Mass. Meadows at Marlborough and Heights at Marlborough: Located approximately 2 miles from one another in Marlborough, Mass. Stone Ends: Located in Stoughton, Mass. Village at Marshfield: Located in Marshfield, Mass.

“The Boston Portfolio sale further exemplifies HGI’s ability to identify strategic opportunities to divest high-quali

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