Source: MG Properties Group
SAN DIEGO, CA - Private San Diego-based real estate investor and operator MG Properties Group is pleased to announce their acquisition of over $1.6 billion of multifamily assets in 2021.
Spread throughout major markets across the West Coast, MG added 14 properties and over 4,700 units to their portfolio in the 2021 calendar year – marking the most successful year for acquisitions since the company's founding in 1992. These included an entry into Denver, Colorado, a market the company had long targeted for growth. MG Properties continues to target further acquisitions in Washington, Oregon, California, Arizona, Nevada, Utah, Texas, and Colorado.
"We were pleased with our successful growth in 2021 despite the many unique challenges presented by the current economic environment," said MG Properties Group President and CEO Mark Gleiberman. "We look forward to continued growth in 2022 with an additional focus on adding new markets to our portfolio."
MG Properties continues to actively seek new acquisitions, targeting a similar volume of investment in 2022. The multifamily group focuses on value-add, new construction, and core-plus multifamily properties in the Western United States.