MG Properties and Rockwood Capital completed the acquisition of the multifamily community Domain San Diego from Magnolia Capital for $185m.

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.