NORFOLK, VA – Harbor Group International, a privately owned international real estate investment and management firm, announced that its Multifamily Credit Fund (“the fund”) has secured a total of approximately $1.6 billion in capital commitments, including a $585 million USD commitment from CPPIB Credit Investments III Inc., a wholly-owned subsidiary of the Canada Pension Plot Investment Board (“CPP Investments”). The commitment marks CPP Investments’ third investment with HGI since 2019.
The fund seeks to achieve attractive risk-adjusted returns by investing in U.S. multifamily credit opportunities including senior mortgage loans, Freddie Mac K-series bonds, preferred equity and mezzanine debt investments, and investments in securitized multifamily mortgage products.
“We are thrilled to continue our relationship with CPP Investments through this partnership as our lead investor for the Multifamily Credit Fund,” said Richard Litton, President, HGI. “The fund is uniquely positioned to build on HGI’s track record both as an investor in multifamily credit strategies and as a multifamily operator with a large national portfolio. We also expect to benefit from the current rate environment as we seek to achieve positive returns for our investors.”
The commitment strengthens HGI’s and CPP Investments’ tenured relationship. In 2020, CPP Investments served as the lead investor in HGI’s multifamily whole loan platform, committing $110 million, and in 2019, CPP Investments committed $180 million to HGI’s Freddie Mac Supplemental Loan program.
“We continue to view multifamily credit investments as resilient assets that are well positioned to drive strong returns for the CPP Fund over the long term,” said Geoffrey Souter, Managing Director, Head of Real Assets Credit at CPP Investments. “HGI is a market leader in this space and we are pleased to extend our relationship with them through this new investment.”
As a national commercial real estate investor, owner and operator, more than 80% of HGI’s portfolio is composed of multifamily-related investments.

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BYRON, GA – Carter Multifamily has announced its acquisition of Brighton Park, a 200-unit apartment community on Watson Boulevard in Byron (Warner Robins), Georgia for the buy price of $34.5 million. Built in 2001 and spanning approximately 222,392 rentable square feet, Brighton Park offers well-designed one, two, and three-bedroom apartment homes.
The property is located in the growing Middle Georgia region, an brilliant location for residents given its proximity to thoroughfares I-75 and I-16 which allows for simple access to the surrounding logistics and manufacturing employment hubs, and to companies such as Perdue Farms, Northrop Grumman and Frito Lay. The Middle Georgia region is also exemplary for higher education, with six universities within a 50-mile radius, such as Mercer University and Georgia Military Institute.
“We’re excited to continue to grow our footprint in the burgeoning market of Warner Robins/Middle Georgia. We believe the area continues to be an attractive multifamily market as evidenced by continuous population and job growth, as well as brilliant connectivity to the country’s leading industry hubs of aerospace, manufacturing, and logistics. We believe that the Warner Robins submarket will continue to fuel demand growth for high-quality, affordable multifamily housing, and that Brighton Park will be a valuable addition to our real estate portfolio,” said Ray Hutchinson, chief investment officer of Carter Multifamily.
Property amenities include: pool, fitness center, playground, gated community, clubhouse, parking, carwash, tennis courts, laundry facilities, business center, grills, dog park, movie theater, and a vegetable garden. Carter Multifamily intends to do a value-add strategy which will include operational improvements, upgrades to community amenities, interior unit renovations, and exterior plant improvements.

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ATLANTA, GA – Quarterra, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and asset manager, announced the opening of its newest community, Emblem Riverside, in the Atlanta suburb of Douglasville.
The garden-style community features 320 apartment homes near the Chattahoochee River and Sweetwater Creek State Park offering an unmatched destination lifestyle, and simple access to neighborhood schools, employers and prime transportation routes. Phase II of the community will deliver in September 2023 and includes an additional 105 apartment homes including 25 townhomes.
Emblem communities were made by Quarterra to help address the nationwide shortage of attainable housing available to middle-income renters – making Emblem Riverside’s central location within Atlanta’s top logistics and ecommerce corridor, and immediate connectivity to major job centers throughout Atlanta providing access to over 525,000 workers, is even more vital.
“Atlanta is one of the fastest-growing housing markets in the country, and Emblem Riverside puts residents within simple reach of the city while offering the intimate feel and lifestyle of a suburban community,” said Ray Crocker, Senior Vice President of Development with Quarterra. “The community features the top-flight amenities package and a modern living experience that has become the trademark of the Emblem brand. We’re excited to bring this opportunity to Douglasville, and further enhance an already thriving community.”
Emblem Riverside residents will find convenient retailers and well-known restaurant options located along Thornton Road, with unique dining establishments and boutique shops a small distance away in Downtown Douglasville. Recreational opportunities abound, with Tributary Tennis Center, Chattahoochee River and Sweetwater Creek State Park, with its historic ruins, hiking trails, and camping, boating and fishing at 215-acre George Sparks Reservoir.
Situated at 1551 Riverside Highway, Emblem Riverside affords simple connectivity to Interstates 20 (east-west) and 285 (north-south), as well as local thoroughfares like Fulton Industrial Blvd. and Riverside. The Douglas Connect bus route runs along Riverside Parkway, providing connections to the Marta bus line and the greater Atlanta Metro Area, including neighboring Mableton, Villa Rica and South Fulton. The location also makes quick commutes to quality schools and regional employers like Douglas County, Google, Pepsi, Switch Data, ResMed, Quaker Oats, Wellstar Douglas Hospital and Amazon. Surface parking and rentable garages are available on site.
Part of the re-envisioned next generation of apartment homes by Quarterra – Emblem Riverside consists of one- and two-bedroom apartment homes, ranging from 738 to 1,194 square feet. Phase II will include one, two and three-bedroom homes, ranging from 737 to 1,719 square feet. In-home highlights include go-in ready internet, pendant lighting, quartz countertops on kitchen counters and islands, Whirlpool appliances including washers and dryers, wood-style vinyl plank flooring in living spaces and tiled shower and tub surrounds.
All residents will have access to a pool area with sundeck and seating, outdoor grilling stations, clubhouse with social kitchen, a fitness center, social lounge, outdoor veranda, secure package room and dog run.
Emblem Riverside is Quarterra’s fifth Georgia community, joining Gentry and Vireo in Atlanta, Emblem Grayson in Loganville, and Emblem Conyers, currently under construction, in Conyers.

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