POMONA, CA – Affiliates of Harbor Group International, a privately owned international real estate investment and management firm, announced the acquisition of Olive Ridge, a 220-unit, garden-style multifamily community in Pomona, Calif. for $46.75 million. HGI bought the property from a private seller.
Situated between Los Angeles County and the Inland Empire, Olive Ridge is near several transportation options that provide access to Southern California’s largest employment centers. The community lies at the intersection of main highways, including I-10, Route 57, Route 60 and Route 7, connecting residents to Los Angeles and Orange County. The area features a high concentration of universities, increasing resident demand for affordable, quality housing.
“The buy of Olive Ridge is indicative of HGI’s strategy to buy assets in dynamic markets that are positioned for growth,” said Richard Litton, President, HGI. “Pomona’s unique location, centric to major employment hubs within Southern California, paired with its proximity to several educational institutions, make it an attractive living destination.”
The acquisition adds to HGI’s growing presence in the California market. The firm has invested in several apartment communities within the greater Los Angeles area and owns office buildings in San Francisco and Sacramento.

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HILLSBORO, OR – MG Properties Group, a privately held real estate investor and operator headquartered in San Diego, California has bought Zera at Reed’s Crossing in Hillsboro, Oregon, Portland’s fastest growing suburb. Completed this year, the 324-unit, garden-style community is MG’s tenth asset in the Portland market.
Since 2015, only 509 Class A units have been delivered in Hillsboro and Beaverton, making Zera’s a spectacular location, close to two of Portland’s largest employers. Zera is ten minutes from Nike’s World Headquarters and Intel’s campus, providing direct access to over 38,000 high-paying jobs. Situated along the Highway 26 corridor, Zera also provides housing to employees working throughout the “Silicon Forest.”
“The Portland area’s continued diverse employment growth is laying the groundwork for a strong post-Covid economic recovery,” said Founder & CEO of MG Properties, Mark Gleiberman. “Zera at Reed’s Crossing is ideally positioned to serve residents in the expanding west-side market.”
MG Properties Group has bought 13 communities in the past year totaling over 3,900 units and $1.31 billion in combined value. The company is targeting further acquisitions in Washington, Texas, Oregon, Arizona, California, Colorado, and Nevada.
Eastdil Secured’s Mark Washington, Joseph Smolen and Mark Petersen represented the seller, North America Sekisui House and Holland Partner Group. The acquisition of the community was financed with a loan from an affiliate of Apollo Global Management arranged by Lee Redmond and Greg Stampley from Eastdil Secured.

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CLEARWATER, FL – Wood Partners, a national leader in multifamily real estate development, celebrates the grand opening of its newest luxury property, Alta Clearwater. Located at 1320 Sands Terrace East on the Ancient Tampa Bay side of Clearwater, the expansive property features meticulously landscaped grounds and a total of 314 residences in ten buildings.
Alta Clearwater’s right differentiator is its amenities package. The outdoor spaces feature a resort-style pool with shaded pavilion and private poolside cabanas, outdoor kitchen and grilling area, outdoor fitness area, hammock park, and a pet park complete with pet wash. Step inside for the complimentary coffee bar and stylish clubhouse for socializing and entertaining. A game room with TV wall, pool table and foosball table are available, and the 24/7 fitness studio features weights and a virtual training room. A cyber space and conference room cater to business needs.
The community yields a modern take on organic textures, giving each sleek residence – and the property as a whole – an ancient-world charm. The residences themselves are offered in one, two and three-bedroom floorplans. Kitchens feature white quartz countertops, soft-close cabinetry with under-cabinet LED lighting, white tile backsplashes and matte black finished hardware. A low-profile stainless-steel Whirlpool appliance package completes the chef-inspired space. Wood-inspired plank flooring stretches from entryways through living rooms, kitchens and bathrooms. Bathrooms feature premium Moen fixtures, framed mirrors and modern pendant lighting. Select units feature oversized balconies, double vanities and other premium touches. Smart Lock keyless entry systems add a seamless touch of modern technology.
“Alta Clearwater delivers on a commitment Wood Partners has made to develop properties that are tailored to the evolving needs of the communities we serve across Florida,” said Charles Barrus, Executive Managing Director for Wood Partners. “With 11 properties across the state and three properties along the Gulf Coast, we genuinely know the rapidly evolving wants and desires of our current and future residents. Alta Clearwater caters to a discerning crowd, while at the same time providing access to those things that draw people to Clearwater, such as the nearby beaches and the Fred Marquis Pinellas Trail.”

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