Announced
Completed
Financials
Tags
Real Estate Holding and Development
Private Equity
Domestic
United States
Private
Real Estate
Completed
Acquisition
Friendly
Majority
Residential Community
Synopsis
MG Properties, a private San Diego-based real estate investor, owner, and operator, and Rockwood Capital, a private investment firm, completed the acquisition of the multifamily community Domain San Diego from Magnolia Capital, an institutional-quality real estate investment firm, for $185m. "Kearny Mesa is expected to experience significant growth in the near future as a pedestrian friendly market. Adding Domain to our portfolio is a value-add opportunity to renovate remaining classic units and add strategic enhancements to further elevate the community," Jeff Gleiberman, MG Properties President.
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