Harbor Group International Partners With Garrett Companies And Telis Group For $630.5M Multifamily Recapitalization

A partnership involving Harbor Group International, The Garrett Companies, and Telis Group has resulted in a $630.5 million recapitalization of a multifamily portfolio comprising 2,192 units across 11 properties located in Colorado, Minnesota, Indiana, and Arizona. This transaction targets the multifamily asset class, reflecting investment activity in various growth markets.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $630,500,000
• Units: 2,192
• Loan Type: Recapitalization
• Market: Colorado, Minnesota, Indiana, Arizona
• Landlord: Richard Litton - Harbor Group International
• Landlord: Eric Garrett - Garrett Companies
• Landlord: RD Khoury - Telis Group
• Landlord: Keller Reese - Telis Group
• Brokers: Aaron Appel - Walker & Dunlop
• Brokers: Mo Beler - Walker & Dunlop

This deal was facilitated by Walker & Dunlop, highlighting the expertise of brokers Aaron Appel and Mo Beler, who played a crucial role in orchestrating the transaction among the involved parties and their respective representations in this multifamily investment initiative.