A newly built apartment complex in West Palm Beach has sold for $105.5 million, according to a deed made public Thursday.
Harbor Group International LLC is the new owner of Locklyn West Palm, a garden-style complex at 3950 Village Boulevard. The seller was an affiliate of The Carlyle Group. The buyer financed the acquisition with a $56.55 million mortgage from Berkeley Point Capital, according to public records.
Harbor Group International (HGI) is a leading global real estate investment and management firm. With $19 billion1 in real estate investment properties, the firm invests in and manages diversified property portfolios including office, retail, and multifamily properties. With over 39 years of experience in the industry and approximately 1,400 employees worldwide, HGI continues to look for real estate investment opportunities.
Harbor Group International controls $19 billion1 in real estate investments and is constantly exploring real estate investment opportunities in the worldwide market.
Harbor Group International, LLC provides real estate management and real estate investment services and is not affiliated with Harbour Group Industries, Inc. (whose web site may be found at www.HarbourGroup.com), which offers investment services in connection with the acquisition, development and operation of industrial and manufacturing companies.
1Total capitalized value of underlying assets of $19 billion includes direct real estate and private funds as of 12/31/2023. AUM represents the total capitalized value of underlying assets, which includes direct and indirect real estate and real estate related investments, and the AUM of HGI’s affiliate, HGI Capital Management, LLC.