{"id":1004086518,"date":"2013-11-08T15:20:38","date_gmt":"2013-11-08T23:20:38","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=215040"},"modified":"2022-12-13T00:06:39","modified_gmt":"2022-12-13T08:06:39","slug":"hgis-recent-acquisition-includes-two-orlando-communities","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hgis-recent-acquisition-includes-two-orlando-communities\/","title":{"rendered":"HGI\u2019s Recent Acquisition Includes Two Orlando Communities"},"content":{"rendered":"<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/11\/2013-11-08-HGIs-Recent-Acquisition-Includes-Two-Orlando-Communities.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-215041\" title=\"Orlando Community West Winds apartments\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/11\/2013-11-08-HGIs-Recent-Acquisition-Includes-Two-Orlando-Communities.jpg\" alt=\"\" width=\"300\" height=\"199\" \/><\/a>Harbor Group International, LLC announced that affiliates of the company have acquired three Florida apartment communities. Two of the properties, the 272-unit West Winds and the 210-unit Verandahs at Hunt Club are located in Orlando, while the 146-unit Forestlake Apartments is in Daytona Beach, within walking distance from Daytona Beach International Airport and Bellevue Business Park.<\/p>\n<p>The private real estate investment and management firm is headquartered in Norfolk, Va. and has offices in New York and Tel Aviv. HGI claims to have exceeded the $3.8 billion threshold regarding its worldwide assets. The company\u2019s holdings include more than 24,500 apartment units and more than 8.5 million square feet of commercial properties. Nine of Harbor Groups\u2019 previously acquired multifamily properties are located in Florida. During the past three years they closed four multifamily portfolio transactions that included 7,500 units in 22 properties.<\/p>\n<p>Now the company plans to raise capital of the three freshly bought communities by nearly $2.2 million. T. Richard Litton, Jr., President of HGI told the press that he considers Orlando and Daytona Beach \u201cthe right markets for our continued investment strategy throughout Florida.\u201d He added that \u201cHGI continues to actively pursue portfolio acquisitions that provide us unique opportunities to provide returns to our investors.\u201d<\/p>\n<p>Situated on 20 acres in central Orlando, just two blocks from Universal Studios, West Winds holds 19 garden style buildings. The property was built in 1985 and features five floor plan options of one- or two-bedroom apartments that range in size from 509 square feet to 986 square feet. The 21 buildings of Verandahs at Hunt Club, were built in the same year, on a slightly larger parcel near the intersection of Semoran and Hunt Club Boulevards. The 21-acre property features units with a patio, a den, living room, dining room, bathroom, full kitchen and up to three bedrooms. The average size of the apartments is 1,185 square feet.<\/p>\n<p><em>Photo credits: Harbor Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Harbor Group International, LLC announced that affiliates of the company have acquired three Florida apartment communities. Two of the properties, the 272-unit West Winds and the 210-unit Verandahs at Hunt Club are located in Orlando, while the 146-unit Forestlake Apartments is in Daytona Beach, within walking distance from Daytona Beach International Airport and Bellevue Business Park.<\/p>\n","protected":false},"author":35,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1493],"tags":[1815,39399],"class_list":["post-1004086518","post","type-post","status-publish","format-standard","hentry","category-latest","category-orlando","tag-national","tag-orlando"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>HGI\u2019s Recent Acquisition Includes Two Orlando Communities - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hgis-recent-acquisition-includes-two-orlando-communities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HGI\u2019s Recent Acquisition Includes Two Orlando Communities\" \/>\n<meta property=\"og:description\" content=\"Harbor Group International, LLC announced that affiliates of the company have acquired three Florida apartment communities. Two of the properties, the 272-unit West Winds and the 210-unit Verandahs at Hunt Club are located in Orlando, while the 146-unit Forestlake Apartments is in Daytona Beach, within walking distance from Daytona Beach International Airport and Bellevue Business Park.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hgis-recent-acquisition-includes-two-orlando-communities\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-11-08T23:20:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-13T08:06:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/11\/2013-11-08-HGIs-Recent-Acquisition-Includes-Two-Orlando-Communities.jpg\" \/>\n<meta name=\"author\" content=\"Balazs Szekely\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hgis-recent-acquisition-includes-two-orlando-communities\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hgis-recent-acquisition-includes-two-orlando-communities\\\/\"},\"author\":{\"name\":\"Balazs Szekely\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/623e95293ca6c6791bedc7473f548d7f\"},\"headline\":\"HGI\u2019s Recent Acquisition Includes Two Orlando Communities\",\"datePublished\":\"2013-11-08T23:20:38+00:00\",\"dateModified\":\"2022-12-13T08:06:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hgis-recent-acquisition-includes-two-orlando-communities\\\/\"},\"wordCount\":314,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hgis-recent-acquisition-includes-two-orlando-communities\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/11\\\/2013-11-08-HGIs-Recent-Acquisition-Includes-Two-Orlando-Communities.jpg\",\"keywords\":[\"National\",\"Orlando\"],\"articleSection\":[\"News\",\"Orlando\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hgis-recent-acquisition-includes-two-orlando-communities\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hgis-recent-acquisition-includes-two-orlando-communities\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hgis-recent-acquisition-includes-two-orlando-communities\\\/\",\"name\":\"HGI\u2019s Recent Acquisition Includes Two Orlando Communities - 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