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New Deal


Announced

Completed

MG Properties completed the acquisition of Eleanor Apartments for $193m.

Financials

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Transaction Value£159m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Real Estate

Acquisition

Completed

Single Bidder

Friendly

United States

real estate properties

Private

Real Estate Holding and Development

Domestic

Synopsis

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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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