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New Deal


Announced

MG Properties Group to acquire 3300 Tamarac Apartments from Gelt for $141m.

Financials

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Transaction Value£104m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private

United States

Majority

Single Bidder

Real Estate Holding and Development

Acquisition

Pending

real estate

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Synopsis

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MG Properties Group, a real estate investor and operator, agreed to acquire 3300 Tamarac Apartments, a 564-unit community, from Gelt, a real estate investment firm, for $141m. "MG is delighted to add 3300 Tamarac to our portfolio, which further scales our Denver presence. We believe this submarket is ideally positioned to benefit from Denver's continued growth," Mark Gleiberman, MG Properties Group Founder & CEO.

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