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A JV of Harbor Group International, LLC and Cammeby’s International Group have acquired The Pavilions multifamily community in Manchester, CT.

Harbor Group International Acquires 932-Unit Multifamily in Manchester

Affiliates of Harbor Group International, LLC have acquired The Pavilions, a 932-unit multifamily community located in the Hartford suburb of Manchester, CT.

The property was acquired through a joint venture partnership between Norfolk, VA-based property management company Harbor Group International, LLC and real estate investment firm Cammeby’s International Group. The JC will assume all loan obligations from the seller.

“In an environment of increased interest rates, we are confident that the investment will benefit from the long-term financing with a below market rate,” said Richard Litton, president of Harbor Group International, LLC.

The Pavilions was built in two phases in 1990 and 1992 and includes a mix of studio, one-, two- and three-bedroom units. The property features two pools, two fitness centers, picnic and grilling area, multiple resident lounges, two tennis courts, two racquetball courts, a sand volleyball court and a dog park. The buyers plan to implement a $21.2 million capital improvement program.

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Harbor Group International, LLC's Litton

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition
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