Jordan E. Slone Of Harbor Group International Acquires Multifamily Portfolio In Boston For $740M
100 Arbor Drive
$740,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 6, 2025
AI
The asset involved in this transaction is a multifamily portfolio comprising five properties located in the Boston, MA market. The portfolio consists of a total of 2,719 units, currently achieving an occupancy rate of 95.7%. The transaction is valued at $740,000,000, under contract for acquisition by Harbor Group International.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $740,000,000
- Buyer: Jordan E. Slone - Harbor Group International
- Seller: Wes Powell - Apartment Investment & Management Company (AIMCO)
- Market: Boston, MA
Jordan E. Slone represents Harbor Group International in this acquisition, while Wes Powell represents Apartment Investment & Management Company in the sale. Harbor Group International plans to implement targeted renovations across the portfolio following the acquisition.
Players
Shrewsbury MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93