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Real Estate/Development

Apr. 12, 2017

MG Properties expands portfolio with $68M in acquisitions

MG Properties Group, a private real estate investor and operator, acquired a pair of suburban Las Vegas apartment complexes for $68 million.

MG Properties Group, a private real estate investor and operator, acquired a pair of suburban Las Vegas apartment complexes for $68 million.

The Sorrento Valley firm has now made 13 acquisitions in the past 12 months and is targeting more properties in California, Arizona, Colorado, Nevada, Oregon, and Washington.

"These [latest] acquisitions are an excellent addition to our existing Las Vegas portfolio," MG Properties chief investment officer Paul Kaseburg said in a statement. "D...

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