HARBOR GROUP INTERNATIONAL, LLC

Thesis

Harbor Group International (HGI), founded in 1985 and headquartered in Norfolk, Virginia, is a global real estate investment and management firm with approximately $21 billion in capitalized assets under management as of December 31, 2025. The firm's investment strategy is disciplined, focusing on identifying opportunities with upside potential and downside protection through rigorous due diligence and conservative assumptions. HGI targets stable cash returns and employs prudent leverage. Their primary focus is on multifamily properties, but they also invest in office, retail, and alternative assets. HGI has a significant track record in real estate debt, including whole loans, structured debt products, preferred equity, and mezzanine loans, with its credit platform reaching $5 billion in AUM by June 2024. The firm operates globally with offices in Norfolk, New York, Baltimore, Los Angeles, Hong Kong, and Tel Aviv. HGI does not specify preferences for early-stage venture capital rounds, as its investments are in established real estate assets and debt instruments.