Harbor Group International, LLC and Azure Partners acquired Avalon Green, a garden-style multifamily community in Elmsford from AvalonBay Communities, Inc. for approximately $310 million.
Harbor Group International, LLC and Azure Partners completed the acquisition of Avalon Green, a garden-style multifamily community in Elmsford from AvalonBay Communities, Inc. (NYSE:AVB) on July 25, 2022. AvalonBay Communities, Inc. intends to use the proceeds from the disposition of the three phases of Avalon Green for the acquisition of a wholly-owned community located in Florida, which is currently under contract and expected to close in the three months ended September 30, 2022.