KENT, WA – MG Properties, a privately held real estate investment company headquartered in San Diego, announced the acquisition of Dockside Apartments, a premier multifamily community situated within the Lakes at Kent master plotted community located in Kent, Washington.
Dockside Apartments is a 344-unit garden-style apartment community nestled along the Green River. Offering a unique blend of natural beauty and urban convenience, the property features spacious one-, two-, and three-bedroom residences, with modern interiors, open-concept layouts, and private outdoor spaces. Its scenic setting and proximity to Seattle make it a highly desirable retreat for residents seeking both relaxation and connectivity.
The community boasts an extensive suite of lifestyle amenities, including a resort-style swimming pool, three-level fitness center, clubhouse with lounge and kitchen, outdoor grilling areas, pet park, and more. Dockside Apartments aligns with MG Properties’ ongoing strategy of acquiring high-quality, well-located properties in strong West Coast markets.
“We are excited to add Dockside Apartments to our growing Pacific Northwest portfolio,” said Jeff Gleiberman, President of MG Properties. “Its ideal location, strong resident demand, and potential for continued growth make it a perfect fit for our long-term investment strategy.”
The seller was represented by Eli Hanacek, Mark Washington, Kyle Yamamoto and Natalie Kasper from CBRE. Financing for the transaction was led by CBRE Capital Markets’ Troy Tegeler and Trevor Breaux.
Dockside Apartments marks MG Properties’ 11th acquisition in the Seattle metro area and further reinforces its commitment to expanding its presence in dynamic, high-growth markets.

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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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