MG Properties Group acquires 450 apartments in Andorra in Camarillo, California

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Close to both Los Angeles and Santa barbara, Camarillo is an arterial pole with a unique situation combining a quality suburban living environment with access to multiple employment centers. Its well-executed design offers the 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 community acquisition was funded by a loan from Nuveen Real Estate and arranged by Lee redmond and Greg Stampley of Eastdil Secured.

Andorra mark the 19e acquisition in what has been a benchmark year for the company – totaling over $ 1.9 billion in combined value. MG Properties continues to pursue further acquisitions in Washington, Oregon, California, Arizona, Nevada, Utah, and Colorado.

To learn more, visit: andorracamarillo.com

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, california, MG was founded in 1992 by Marc Gleiberman with the mission of enriching communities. MG’s current portfolio includes more than 24,000 rental units in California, Washington, Arizona, Nevada, Colorado, and Oregon, including more than 80 communities. For more information visit www.mgproperties.com.

SOURCE MG Properties Group


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