Le Lézard
Classified in: Business
Subject: RLE

Harbor Group International Acquires Myrtle Beach Multifamily Community


MYRTLE BEACH, S.C., Aug. 25, 2023 /PRNewswire/ -- Affiliates of Harbor Group International, LLC ("HGI"), a privately owned international real estate investment and management firm, today announced the $64.4 million acquisition of Artisan Carolina Forest, a 276-unit multifamily community in Myrtle Beach, S.C. This transaction represents HGI's second acquisition of a newly built multifamily property in one week following the acquisition of The Warner in Austin, Texas.

Located directly off Highway 31, Artisan Carolina Forest is central to Myrtle Beach's ample recreation and leisure offerings, including miles of coastal beaches, resorts, golf courses and restaurants. The community is adjacent to the Marketplace at the Mill, a shopping center providing a variety of nearby retail options for residents, and is in proximity to several medical centers that serve as key employers to the area.

"With affordable rents relative to other high-growth coastal cities, Myrtle Beach is one of South Carolina's most attractive multifamily markets," said Yisroel Berg, Chief Investment Officer ? Multifamily. "As a newly developed luxury community, we anticipate substantial opportunity to attain a strong renter base at Artisan Carolina Forest and achieve steady rent growth as the area continues to attract new residents."

Developed in 2022, the community features a premier amenity package, including a resort-style pool with a TV lounge and cabanas, a dog park, electrical vehicle charging stations, a fitness and yoga center and coworking and conference rooms. Apartment interiors include luxury finishes, oversized kitchen islands, walk-in showers, modern backsplashes and dual vanities.

Northmarq's John Currin and Andrea Howard facilitated the transaction.

About Harbor Group International
Harbor Group International, LLC, and its affiliates control an investment portfolio of approximately $20 billion, including 58,000 apartment units in the United States and 5.0 million square feet of commercial space throughout the United States and the United Kingdom. In addition to its corporate headquarters in Norfolk, Virginia, HGI maintains offices in New York, Baltimore, Los Angeles, and Tel Aviv. Follow HGI on LinkedIn.

Media Contact:
Kailyn Myshrall
[email protected] 

SOURCE Harbor Group International, LLC


These press releases may also interest you

at 11:54
APL Photonics Selects Recipient for 2023 Future Luminary Award
Magdalena Furman, a PhD student in Physics at the University of Warsaw, Poland, has been selected as the recipient of the APL Photonics 2023 Future Luminary Award for her work in advancing the understanding of optical bistability and optical limiting...

at 11:45
Connect First and Servus Credit Union announce inaugural Board Chair
Connect First and Servus Credit Union announced, today, that Perry Dooley has become the inaugural Chair of the Board of Directors for the newly merged entity. This follows the credit union's first post-merger Board meeting at which Dooley was...

at 11:45
POET Announces Closing of CAD$10 Million Non-brokered Financing with a Single Institutional Investor
POET Technologies Inc. ("POET" or the "Company") , the designer and developer of the POET Optical Interposertm, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and AI markets, today announced the closing...

at 11:45
MEDIA ADVISORY - CANADIAN CANOE MUSEUM UNVEILS NEW LOCATION AT WATER'S EDGE
The Canadian Canoe Museum will be hosting an official grand opening ceremony to unveil its new museum and campus at its new location on Little Lake, Peterborough, ON. A short media availability will follow the formal opening. Due to space...

at 11:39
Unemployment rate for tech occupations ticks down, CompTIA reporting shows
The national unemployment rate for technology occupations edged downward to 2.8% in April following an unusual spike earlier in the year, according to analysis by CompTIA, the nonprofit association for the information technology (IT) industry and...

at 11:12
ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Malibu Boats, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - MBUU
WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Malibu Boats, Inc. between November 4, 2022 and April 11, 2024, both dates inclusive (the "Class...

More news about Business...


News published on and distributed by: