MG Properties Acquires 333-Unit Apartment Community for USD 193m.
MANews-(C)2009-2022
San Diego, US-based real estate investor, owner, and operator MG Properties has acquired 333-unit Eleanor Apartments, located in California, for USD 193m, the company said.
Terms were not disclosed.
The sellers, SummerHill Apartment Communities, The Resmark Companies, and Kennedy Wilson, were represented by Philip Saglimbeni, Stanford Jones, Salvatore Saglimbeni, and Alexander Tartaglia from Institutional Property Advisors.
Financing was provided by Fannie Mae and arranged by Brian Eisendrath and Cameron Chalfant of Institutional Property Advisors.
MG Properties...
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