US-Israeli real estate investment firm Harbor Group International LLC has bought three residential communities located near the NASA Johnson Space Center in Houston for $41.2 million from a well-known baseball player. The company declined to disclose his name.
The communities have 920 homes altogether. Harbor Group will invest an additional $3.2 million in renovations. The company said that the seller had purchased the properties in 2006, but decided to sell them at a loss because he was unable to manage them.
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