Harbor Group International Completes $64.4 Million Acquisition of 276-Unit Artisan Carolina Forest Apartment Community in Myrtle Beach

MYRTLE BEACH, SC – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, 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.

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Mill Creek Adds 373 Apartment Homes to Atlanta’s West Midtown Neighborhood with Construction of Modera Westside Trail

ATLANTA, GA – Mill Creek Residential, a leading developer, owner-operator and investment manager specializing in premier rental housing across the U.S., announced construction is underway at Modera Westside Trail, a luxury midrise apartment community in Atlanta’s West Midtown neighborhood.
The community, which will feature 373 apartment homes, will sit in a bike-friendly locale that features immediate access to the Westside Trail of the Atlanta BeltLine and the vast contingent of breweries, music venues and eclectic local establishments contained within West Midtown. Modera Westside Trail is also located across the street from the west boundary of the Georgia Tech campus and its new life science incubators and one block south of the new Echo Street West mixed-use development. First go-ins are anticipated for fall 2025.
“The location on Northside Drive is the natural progression of West Midtown moving south with the benefit of an simple escape to Midtown, Downtown and Georgia Tech,” said Patrick Chesser, senior managing director of development in Atlanta for Mill Creek Residential. “As fantastic as the Atlanta Beltline is at stitching together neighborhoods on the east side, the Westside Trail is a game-changer linking landmark mixed-use developments to the Georgia Tech campus and all the Downtown venues. If you’ve ever explored the Beltline by bike, you realize quickly how connected the west side is becoming and how much it has to offer.”
Situated at 576 Northside Drive, Modera Westside Trail will feature stunning 360 views of the Atlanta skyline and contains a superb Walk Score of 87 (considered “very walkable”). Residents will be within five minutes of the thriving employment sectors of Midtown, Atlantic Station and downtown Atlanta, and accessible commuter options include the BeltLine and MARTA. Additionally, well loved athletic venues Mercedes Benz Stadium, State Farm Arena, Bobby Dodd Stadium and McCamish Pavilion are all within a five-minute commute.
Modera Westside Trail will offer studio, one-, two- and three-bedroom homes including 37 Premium Collection homes with upgraded features. Community amenities will include a resort-inspired swimming pool, landscaped pool courtyard with unobstructed views of Midtown, rooftop deck with fire pit and grilling areas, steam room, co-working space, double-height resident clubhouse with shuffleboard, onsite dog park, pet spa and a club-quality fitness center with cardio equipment, yoga studio, TRX system and Peloton bikes. Residents will also have access to digital package lockers, controlled-access garage parking, EV charging stations, loaner bikes, bike repair station, bike storage and additional storage space.
Home interiors will feature nine-foot ceilings, wood plank-style flooring, stainless-steel appliances, quartz countertops, tile backsplashes, gas ranges, walk-in closets, in-home washers and dryers, soaking tubs and tile tub/shower surrounds. Smart features will include Schlage smart door locks, keyless entry, connected smart thermostats, bulk WiFi and mobile-app guest entry. Premium Collection homes will include LED mirrors and additional refined features.

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Harbor Group International Adds to Texas Multifamily Portfolio with Acquisition of 336-Unit The Warner in North Austin Market

AUSTIN, TX – Harbor Group International, a privately owned international real estate investment and management firm, announced the acquisition of The Warner, a 336-unit luxury multifamily community in Round Rock, Texas, a suburb of North Austin. The acquisition marks HGI’s reentry into the Austin Market and expands the firm’s Texas multifamily portfolio, which is comprised of 8,647 apartment units.
The property is 98% leased as of July 2023, demonstrating strong performance and demand for high-quality apartment housing in the Austin market, the country’s fastest-growing city and the tenth-largest city in the United States1.
“Austin has been a priority market for HGI in recent years as the city’s strong business environment has supported healthy long-term multifamily supply and demand fundamentals,” said Yisroel Berg, Chief Investment Officer – Multifamily at HGI. “As an active credit investor in major Texas markets, we were able to leverage our investment expertise and experience. We look forward to continuing to leverage the breadth of our local and national operating platform and investment capabilities to meet the ongoing demand for high-quality housing in the area.”
The Warner is a newly built luxury multifamily community, offering best-in-class in-unit amenities, including stainless steel appliances, walk-in closets, Smart Home keyless entry systems and Smart thermostats. Community amenities include a 24-hour fitness center, resort-style pool and outdoor kitchens, residential lounge, dog park, and a two-tale parking garage equipped with electric vehicle charging stations. Newmark’s Patton Jones facilitated the transaction.
Situated in close proximity to the Texas State Highway 45 and Insterstate-35, The Warner offers residents accessibility to major community and employment hubs. The community is conveniently located near leading technology companies and job opportunities in the area, including Dell’s corporate headquarters, Apple’s expanding Austin campus and Samsung’s semiconductor manufacturing facility, which is scheduled for completion in 2024.

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