Azure, Harbor Acquire 704-Unit Plainsboro MF

PLAINSBORO, NJ—A joint venture between Harbor Group International and Azure Partners has acquired The Crest at Princeton Meadows, a 704-unit, garden-style apartment community in Plainsboro, NJ.

HFF marketed the property on behalf of the seller.  Harbor, a private real estate investment and management firm, which controls a portfolio of worldwide assets valued at approximately $4 billion, and Azure, a real estate private equity firm based in New York City which says it focuses “on the opportunistic acquisition and management of real estate assets within high-growth markets” purchased the asset free and clear of existing debt.