Apartment Investment and Management Co. (Aimco) has entered into a definitive agreement to sell a portfolio of five apartment properties, totaling 2,719 units, in suburban Boston for $740 million to an affiliate of Harbor Group International (HGI).
HGI will implement a value-add program across the properties through targeted renovations and an active asset management strategy.
Concentrated around the greater Boston metro area — including Massachusetts, New Hampshire and Rhode Island — the properties within the portfolio are strategically located in fundamentally strong suburban submarkets supporting long-term occupancy.
Built between 1970 and 1974, the unit interiors feature stainless steel appliances and hardwood flooring. Amenities across the properties include swimming pools, fitness centers, clubhouses, and community green spaces. As of July 2025, the portfolio was 95.7 percent occupied. Historical occupancy has averaged 97 percent since 2022, reflecting
