• Harbert Management's South Bay team formed a joint venture with Harrison Street Asset Management to develop two senior housing communities.
• The Palmer in Pasadena, California, will add 80 units; The Belle Mare in Potomac, Maryland, will add 94 units.
• PNC Bank is providing construction financing for both communities, bringing Harbert South Bay's active construction portfolio to more than 800 units.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Harbert Management Corporation published the original content used to generate this news brief on November 02, 2026, and is solely responsible for the information contained therein.