Harbert Realty Services
Year Founded
1983
AUM
—
Headquarters
Birmingham, AL
Harbert Realty Services (HRS) is one of the largest privately held, full-service commercial real estate firms in the Southeast, known for delivering best-in-class property solutions across retail, office, multifamily, and mixed-use sectors. For more than 41 years, HRS has maintained a strong commitment to creating value for clients, tenants, and partners through its integrated platform of property management, leasing, development, asset management, and investment sales services. This customer-centric focus has positioned the firm as a trusted leader in regional and national commercial real estate markets.
Built on a foundation of integrity, expertise, and innovative problem-solving, Harbert Realty Services has cultivated a reputation for excellence that spans decades. Its comprehensive suite of real estate capabilities empowers owners, investors, and tenants through strategic advisory, operational efficiency, and data-driven decision-making. From repositioning assets to shaping new developments, HRS approaches each engagement with a deep understanding of the markets it serves and a dedication to long-term client success.
With offices in Birmingham, Winter Park, and Jacksonville, HRS continues to expand its footprint throughout the Southeast, leveraging its operational scale and industry expertise to drive meaningful results. The firm's longevity and ongoing growth reflect its forward-thinking vision and commitment to delivering superior real estate solutions. Today, Harbert Realty Services stands as a proven partner for organizations seeking a full-service commercial real estate firm backed by decades of leadership and performance.
Asset Classes
Retail
Development
Multifamily
Office
Mixed Use
Accepted Investors
Accredited
Harbert Realty Services Reviews
1Invest Clearly reviews are real experiences from verified investors. Here's
Multifamily: Pivoting from Sale to Extended Hold
I invested with Harbert in a luxury apartment development project located in Alabama. The investment has deviated significantly from its original projections, specifically regarding higher construction costs and a delayed delivery timeline. While the project has reached 91% occupancy and is generating cash flow, a near-term exit would likely result in a capital loss to LPs. Consequently, the sponsor has pivoted to an extended hold strategy rather than pursuing an immediate sale waiting for marketing conditions and CAP rates to improve. To address cost overruns, Harbert utilized voluntary member loans, which were partially covered by the sponsor, rather than issuing mandatory capital calls. Throughout this process, the sponsor has maintained clear communication regarding these challenges. They provide detailed quarterly reports, including a thorough analysis of the project's status. Despite the difficult market conditions, Harbert has managed the project with a focus on protecting investor capital. Based on their transparency and their approach to funding overruns, I would invest with this sponsor again.