HARBOR GROUP ACQUIRES MULTIFAMILY PORTFOLIO FOR $190M

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BALTIMORE — Harbor Group International (HGI) has purchased a six-property multifamily portfolio in Baltimore from Sawyer Realty Holdings for $190 million. The portfolio includes: the 808-unit Crosswinds at Rolling Road, the 92-unit Diamond Ridge, the 270-unit The Glens at Rolling Road, the 264-unit Granite Run, the 280-unit Rolling Wind and the 270-unit Stratton Meadows. HGI will invest $7.75 million in capital improvements. Al Cissel and Scott Melnick of Jones Lang LaSalle's Bethesda, Md., office represented the seller in the transaction.

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