SAN DIEGO, January 26, 2022 /PRNewswire/ — San Diego-based private real estate investor and operator MG Properties Group is pleased to announce the acquisition of over $1.6 billion of multi-family assets in 2021.
Spread across major West Coast markets, MG added 14 properties and over 4,700 units to its portfolio in calendar year 2021 – marking the most successful year for acquisitions since the company was founded in 1992. These included an entry into Denver, Colorado, a market the company had long targeted for growth. MG Properties continues to target new acquisitions in Washington, Oregon, California, Arizona, Nevada, UtahTexas and Colorado.
“We are 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. Marc Gleiberman. “We expect 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 investment volume in 2022. The multi-family group is focused on value-added, new build and core-plus multi-family properties in the US West.
To learn more about MG Properties and to see a list of all communities, visit: mgproperties.com/ourproperties
About MG Properties Group
MG Properties Group is a fully integrated private real estate company specializing in the investment, redevelopment and management of multi-family assets. Based at San Diego, CaliforniaMG was founded in 1992 by Marc Gleiberman with a mission to enrich communities. MG’s current portfolio includes over 27,000 rental units in California, Washington, Arizona, Nevada, Coloradoand Oregon, including 80 municipalities. For more information, visit www.mgproperties.com.
Show original content to download multimedia:https://www.prnewswire.com/news-releases/mg-properties-acquires-over-1-6-billion-in-multifamily-assets-in-2021–301468210.html
SOURCE MG property group