VIRGINIA BEACH, VA – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced the $86 million acquisition of Reflections at Virginia Beach, a 480-unit garden-style multifamily community in Virginia Beach, Virginia. The acquisition is a strategic expansion of HGI’s portfolio in its home state, strengthening its presence in a market where it maintains a proven track record and deep operational experience with similar assets.
Built in 1986, the community spans 19 two- and three-tale residential buildings across 30 acres. The property offers a mix of one- and two-bedroom apartments with 828 parking spaces for residents.
Reflections at Virginia Beach recently underwent a $7 million capital improvement program, enhancing its robust suite of amenities, including a resident clubhouse and lounge, an outdoor swimming pool, a 24-hour fitness center, a business center with meeting rooms, outdoor grilling stations and access to nearby nature trails. The property is also a small drive to the Virginia Beach oceanfront.
“The acquisition of Reflections at Virginia Beach underscores our commitment to expanding thoughtfully in markets where we have long-standing experience and strong performance,” said Yisroel Berg, Chief Investment Officer of Multifamily at HGI. “Virginia Beach is a dynamic market with robust employment and lifestyle fundamentals, making it an ideal location for our continued growth.”
Located just 15 minutes from HGI’s corporate headquarters in Norfolk, the acquisition builds on the firm’s established local presence. The company currently owns or manages over 1,400 units across five properties within the Hampton Roads metropolitan area.

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WASHINGTON, DC – The NHP Foundation (NHPF), in partnership with CHV ownership entities—Change All Souls Housing Corp. and the Columbia Heights Village Tenants Association (CHVTA) announced the development of 1425 Harvard Street NW, the former parking lot of Columbia Heights Village apartments.
The ownership group closed on construction financing in July 2025 and construction started shortly thereafter. When completed in mid-2027, the development will deliver a new seven-tale, 108-unit affordable housing community designed by Shalom Baranes Associates, PC, and built by McCullough Construction, LLC, bringing critically needed homes to one of Washington, D.C.’s most cost-burdened neighborhoods.
The 108-unit Harvard Court development is backed by a strong public-private partnership. The District of Columbia Housing Finance Agency (DCHFA) issued $48.26 million in tax-exempt bonds and underwrote more than $41 million in federal and DC Low-Income Housing Tax Credit (LIHTC) equity. Financing partners include Hudson Housing Capital, Bank of America, DCHFA, and the DC Department of Housing and Community Development (DC DHCD).
DC DHCD further strengthened the project with $24.29 million from its Housing Production Trust Fund 2022 NOFA, ensuring Harvard Court plays a major role in advancing the city’s affordable housing pipeline.
“This development reflects NHPF’s strategy of leveraging underutilized land within our existing portfolio to maximize housing production in ways uniquely designed for specific neighborhoods,” said Eric Price, President & CEO of NHPF, “It is exactly the kind of creative solution we need in high-cost areas like Columbia Heights.”
Harvard Court will deliver 100% affordable apartments, expanding opportunities for families and individuals at a range of incomes.
Located in the heart of Columbia Heights, Harvard Court responds to skyrocketing rents and displacement pressures by ensuring long-term affordability. The project will complement the existing Columbia Heights Village community, preserving neighborhood diversity while adding new homes and amenities.

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DALLAS, TX – The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, announced the grand opening of Diamond Flats, a 331-unit luxury community with 5,000 square feet of ground-floor retail in Carrollton, Texas. The project addresses rising demand for high-quality housing across the Dallas-Fort Worth metroplex, pairing modern design with convenient access to major employment and entertainment centers.
Designed by Davies Architects with interiors by SJL Design Group, Diamond Flats was envisioned as a residential community inspired by art. From light-filled spaces to gallery-style corridors filled with curated artwork, the community s aesthetic embraces modern interpretations of classical art, making an atmosphere that is both refined and approachable.
Diamond Flats was made with residents at the center of every choice, said Alena Savera, Vice President of Development at The NRP Group. We thought carefully about what people want in their daily lives, from abundant natural light to thoughtful touches like under-cabinet lighting, mirrors and quartz surfaces. This community reflects those choices, offering residents larger layouts, premium amenities and a unique design perspective that makes Diamond Flats stand out in the Carrollton market.
Located at 1402 Carrollton Parkway, the site offers access to the Sam Rayburn Tollway and President George Bush Turnpike, connecting residents to key business and retail districts, including Legacy West, The Star in Frisco and Grandscape. Its central location is a small driving distance from major employers such as JP Morgan, Toyota, Ericsson and Frito Lay, while downtown Dallas is less than 25 minutes away.
Residents of Diamond Flats will delight in a premium amenities package anchored by a state-of-the-art fitness center, outfitted with a Pilates reformer, free weights, squat racks, spin bikes and HIIT training equipment. Residents will also have access to a resort-style pool with outdoor game areas and TVs, three landscaped courtyards, grilling stations and a coworking hub with a podcast space. Pet-friendly features include a dog park, spa and washing station.
Apartment interiors combine elevated finishes with functionality. Each home includes stainless steel appliances, in-unit washer and dryer, keyless entry, luxury vinyl plank flooring and ceiling fans. Two distinct end packages are available, giving residents a choice of quartz countertops, cabinetry and kitchen backsplashes. Select homes feature private balconies.
The Dallas-Fort Worth metro area remains a priority market for The NRP Group. The firm has developed over 7,000 units across more than 30 properties in the region, and recently broke ground on the following new housing developments in the area: Jackson Road, a luxury 370-Unit multifamily community; Cora, a 340-unit mixed-income housing community in Anna, Texas; Sutton Flats, a 300-unit market-rate multifamily community in Howe, Texas; The Whitley, an upscale 330-unit multifamily community in Princeton, Texas.

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