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General News

Jan. 27, 2017

MG Properties acquires Inland Empire apartments for $745M

MG Properties Group, a San Diego-based real estate investor and operator, announced the acquisition of the Santa Rosa apartments in Wildomar for $745 million.

MG Properties acquires Inland Empire apartments for $745M

MG Properties Group, a San Diego-based real estate investor and operator, announced the acquisition of the Santa Rosa apartments in Wildomar for $745 million.

The sellers were represented by Paul Runkle, Eric Chen and Bob Patterson of CBRE. The acquisition was financed with a $46.68 million, 10-year fixed rate Fannie Mae loan arranged by Brian Eisendra...

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