Harbor Group International Refinances Irving Apartments

Harbor Group International scored a blockbuster refinancing deal for one of Irving’s largest apartment complexes.

The Norfolk, Virginia-based firm landed a $124.7 million loan to refinance Alesio Urban Center, at 385 East Las Colinas Boulevard, according to a release from Berkadia, which put together the deal. Berkadia’s Charles Foschini, Christopher Apone, Shannon Wilson and Carranza-Alvarez arranged the financing. Blackstone provided the loan that will be used to retire the existing mortgage and cover closing costs.

The 908-unit property consists of 14 residential buildings and 23 commercial buildings, totaling 55,000 square feet of retail space on 17 acres. Amenities at the property built in 1987 and 1995 include five swimming pools, a gym, yoga studio, conference facilities and a running trail.

Harbor bought the property in 2021 with a $117 million loan from KKR Real Estate Finance Trust. The firm refinanced the property in 2023 with a $122 million fixed-rate loan. At the time, Harbor was conducting $4.5 million in renovations at the property.

Harbor added to its Dallas-Fort Worth portfolio in 2025 with the purchase of Livano Canyon Falls, a 300-unit apartment complex in Northlake. It bought the property with a $42.2 million loan from M&T Realty Capital.

Harbor launched its first multifamily debt fund in 2023, for which it raised $1.6 billion. The fund launch came as interest rates rose and lenders pulled back from commercial deals. The firm doubled down on its multifamily bet with a $562 million deal to acquire a 2,400-unit portfolio from AH Realty Trust. The portfolio includes 11 properties in Virginia, Maryland, North Carolina and Georgia.

Irving’s Las Colinas submarket is a master-planned community that has become a hub for corporate headquarters. Businesses headquartered in Las Colinas include heavy equipment manufacturer Caterpillar, consumer goods company Kimberly-Clark, Bimbo Bakeries USA and Continental Battery Systems.