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Harbor Group International (HGI)
Harbor Group International operates from Norfolk, Virginia as a private real estate investment and management firm. Jordan Slone established the firm with a...
Harbor Group International (HGI)
Harbor Group International operates from Norfolk, Virginia as a private real estate investment and management firm. Jordan Slone established the firm with a focus on acquiring and operating income-producing multifamily and commercial properties. The firm's ownership remains closely held, and its investment activity spans multiple decades without a publicly traded parent. HGI invests directly in real estate assets, assembling a portfolio heavily weighted toward multifamily apartment communities. The firm also acquires office, retail, and industrial properties. Its multifamily holdings include properties in Texas, Florida, North Carolina, and other Sun Belt and Mid-Atlantic markets. HGI has completed transactions involving large-scale portfolios — for instance, in 2022 the firm acquired a $1.8 billion portfolio of apartment communities from an institutional seller, demonstrating capacity for billion-dollar single transactions. The firm's portfolio extends across more than 30 states, with a multi-billion-dollar aggregate value of owned and managed assets. HGI operates an in-house property management platform, Harbor Group Management, which handles day-to-day operations for many of its owned communities. The firm also maintains a debt financing and structured finance capability to support acquisitions. In recent years, HGI has been an active participant in Freddie Mac and Fannie Mae multifamily lending programs. HGI's structure integrates acquisitions, asset management, construction management, and property management under a single operating umbrella — an approach that allows direct control over renovation programs and operational execution across the portfolio. The firm raises capital through private funds and separate accounts rather than public markets, operating as a private investment manager for institutional and individual limited partners.
General information
Firm type
Bank / Wealth / Trust
Year founded
1985
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Norfolk
Corporate office
Norfolk, VA, United States
Sector focus
Frequently asked questions
Who runs investment decisions at Harbor Group International?
Jordan Slone, as Chairman and CEO, oversees investment strategy and major allocation decisions. Slone co-founded the firm and remains the central figure in its investment committee, with a management team that includes senior professionals in acquisitions, asset management, and capital markets. The firm has not publicly separated the CEO and CIO roles.
Does Harbor Group International invest only in multifamily properties?
Multifamily apartment communities represent the core of HGI's portfolio, but the firm also acquires office, retail, and industrial properties. Its investment approach emphasizes income-producing properties where value can be enhanced through active management, renovation, and operational improvements. The multifamily emphasis reflects the firm's view on demographic tailwinds in US rental housing markets.
How does HGI source its acquisition opportunities?
HGI sources deals through a combination of broker relationships, direct off-market outreach, and portfolio transactions with institutional sellers. The firm's scale and transacting history give it access to large portfolio offerings. Its in-house property management data also informs market-level acquisition decisions by providing real-time operational intelligence from existing assets.
What is HGI's approach to financing and leverage?
HGI employs agency debt through Fannie Mae and Freddie Mac programs for multifamily assets, alongside balance-sheet bank loans, CMBS, and structured finance. The firm uses fixed-rate financing to manage interest-rate exposure on stabilized assets, while applying floating-rate bridge debt for value-add acquisitions with renovation plans. The firm has historically maintained portfolio leverage within conventional institutional real estate norms.
Does Harbor Group International manage properties directly?
Yes, through its subsidiary Harbor Group Management, the firm operates a fully integrated property management platform. This structure gives HGI direct control over leasing, maintenance, renovation execution, and resident experience across its multifamily holdings. Insourcing property management is a structural differentiator compared to real estate managers that outsource to third-party operators.
How does HGI raise capital for its investments?
The firm raises equity through private real estate funds and separate account vehicles for institutional investors, family offices, and high-net-worth individuals. HGI does not access public equity markets. Its limited partners include US and international institutions, with fund structures typically targeting value-add and core-plus multifamily strategies.
What geographies does HGI focus on?
HGI owns properties in more than 30 US states, with a concentration in Sun Belt markets including Texas, Florida, Georgia, North Carolina, and Arizona, as well as Mid-Atlantic markets near its Norfolk headquarters. The firm favors markets with population and employment growth that support rental demand and long-term appreciation.
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