Morgan Properties Trust signed an agreement to acquire Baltimore Project from ASRR Capital Ltd (TASE:ASRR) and Harbor Group International, LLC for approximately $250 million on January 22, 2017. ASRR Capital Ltd will sell 17% stake and Harbor Group International will sell 83% stake in Baltimore Project. The completion date is expected to be February 22, 2017. The consideration received will be used to repay debts and the net consideration after the repayment of debts is expected to be $78 million. The transaction included sale of 808-unit Crosswinds at Rolling Road. Christine Espenshade and Robert Garrish of JLL represented Harbor Group International in transaction.