Harbor Group International has hired a head of West Coast equity raising, two years after the real estate investment firm opened an office in Los Angeles.
Delal Ali will be based in San Francisco, the company said Wednesday. She will be in charge of raising money and will focus on institutional client relations in the region. Ali comes to Virginia-based Harbor after spending five years at CIM Group, where her responsibilities included fundraising for credit, infrastructure and real asset funds. Before that, she was at Wells Fargo for six years, and has spent a total of 17 years in the investment management industry.
Harbor opened its L.A. office in 2018, led by Greg Heller, senior VP of Acquisitions. The firm has since made several investments in the West Coast, including $24 million for West L.A.’s Silicon Beach Live Apartments; and a $227 million joint venture purchase of a 293,000-square-foot office tower in San Francisco at 111 Sutter Street.
This month, the firm also closed on one of the largest apartment portfolio deals ever. Harbor paid $1.85 billion for 13,243 rental units in eight states across the South and Southwest from Aragon Holdings.
Ali said Harbor “has been off to a fast start acquiring properties in the California and Arizona markets.”