Financial Personal
Harbert South Bay Capitalizes Development of The James Luxury Seniors Housing Community in Southern California
IRVINE, Calif., Dec. 11, 2024 (GLOBE NEWSWIRE) — Harbert Management Corporation’s (“HMC”) South Bay team (“Harbert South Bay” or the “Team”) announced today that it has capitalized the ground-up development of The James, a luxury rental, 350-be
Harbert South Bay has developed over 11,000 units for seniors housing across 83 projects in 15 states since inception. The team has focused its efforts on ultra-luxury facilities over the last eight years developing facilities in locations with five-star amenities in high demand, affluent zip codes and limited to no supply. Patrick McGonigle, Harbert South Bay’s CEO, commented, “Following on our team’s success at the The Variel, the team is excited to deliver another wonderful development to the Greater LA market.” The Variel is a 336 unit project in Los Angeles, California that Harbert South Bay delivered in 2022. By month 18, the independent living units reached near full occupancy a year and a half ahead of schedule. Read More
