MG Properties Group Acquires 450-Unit Andorra Apartments in Camarillo California.
MANews-(C)2009-2021
US-based real estate investor and operator MG Properties Group has acquired Andorra Apartments in Camarillo, California, the company said.
The 450-unit community brings 2021 to a close with over USD 1.9bn in total acquisitions.
With proximity to both Los Angeles and Santa Barbara, Camarillo is a uniquely situated arterial hub combining a high-quality suburban living environment with access to multiple job centers. Its well-executed design offers a perfect blend of rustic California style with modern refinement.
The buyer was represented by Joseph Smolen, Mark Peterson and Geoff Boler of Eastdil Secured.
The acquisition of the community was financed with a loan from Nuveen Real Estate and arranged by Lee Redmond and Greg Stampley of Eastdil Secured.
Andorra marks the 19th acquisition in what has been a benchmark year for the company totaling over USD 1.9bn in combined value.
MG Properties is...
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