(Mark your calendars: RealShare Apartments 2011, Oct.20 in Los Angeles)

NEW YORK CITY-Norfolk, VA-based Harbor Group International has teamed up with Great Neck, NY-based Jadam Equities LLC to acquire a distressed $31-million, 214-unit, four-building multifamily portfolio from a joint venture of Vantage Properties LLC and Apollo Real Estate Investors in Upper Manhattan, HGI president T. Richard Litton tells GlobeSt.com. The properties, according to Real Capital Analytics, include a $6-million, 54-unit complex at 610-618 W. 163^rd St.; a $7-million, 56-unit building at 548 W. 164^th St.; a 24-unit, $3-million building at 519 W. 143^rd St.; and a 79-unit, $15.3-million complex at 3489-3499 Broadway.

Litton says HGI originally held a mezzanine loan position on the portfolio, which the international investment firm acquired in late 2007. HGI then purchased the principal amount of the mezz loan for just under $3.2 million. “We were there from 2007 until recently, we were just the mezzanine lender on the portfolio and Vantage was the equity partner, along with Apollo,” he says.