Cantor Fitzgerald and Harbor Group completed the acquisition of Avalon Mamaroneck from AvalonBay Communities.

Cantor Fitzgerald, a global financial services group, and Harbor Group, a global real estate investment and management firm, completed the acquisition of Avalon Mamaroneck, a 229-unit Class A multifamily community, from AvalonBay Communities, a publicly traded real estate investment trust. Financial terms were not disclosed. "Avalon Mamaroneck offers an attractive, well-located housing option situated in the affluent area of Westchester County's Gold Coast. We are thrilled once again to partner with Cantor Fitzgerald to acquire a high-quality asset," Yisroel Berg, HGIChief Investment Officer, Multifamily.