CBRE Investment Management and Harbor Group International completed the acquisition of New England multifamily portfolio from Aimco.

CBRE Investment Management, a global real assets investment management firm, and Harbor Group International, commercial real estate investment manager with a long-standing and established track record of managing risk while achieving returns for investors, completed the acquisition of New England multifamily portfolio from Aimco, a real estate investment trust focused on the multifamily sector within targeted US markets, for $740m. "This acquisition exemplifies our strategy of investing in attainable and high-quality multifamily assets in markets supported by strong demand drivers. Through our partnership with HGI, we are positioned to unlock value through thoughtful asset management while providing desirable housing to residents across Greater Boston," Matt Tepper, CBRE Investment Management Head of Americas, Indirect Real Estate Strategies.