Announced
Completed
Financials
Tags
Majority
Real Estate
Acquisition
Completed
Single Bidder
Friendly
United States
real estate properties
Private
Real Estate Holding and Development
Domestic
Synopsis
MG Properties, a fully integrated real estate company, completed the acquisition of Eleanor Apartments, a 333-unit community, from SummerHill Apartment Communities, The Resmark Companies, and Kennedy Wilson for $193m. "We are pleased to be further growing our long-term presence in the Bay Area, a market that has strong potential for recovery after the impacts of the Covid crisis," Jeff Gleiberman, MG Properties President.
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