MG Properties Expands Presence with Dockside Apartments Purchase

MG Properties Enhances Portfolio with Dockside Apartments

MG Properties, an esteemed real estate investment company based in San Diego, has successfully acquired Dockside Apartments, a notable multifamily community within a master-planned development. This community, characterized by its picturesque surroundings and prime amenities, embodies the essence of urban living combined with natural beauty.

A Look at Dockside Apartments

Dockside Apartments features 344 garden-style units nestled near the scenic Green River, offering residents a blend of tranquility and convenience. The community boasts spacious living arrangements available in one-, two-, and three-bedroom options, all designed with modern interiors and open layouts for an inviting atmosphere.

Amenities That Elevate Living

Residents at Dockside Apartments can indulge in a host of lifestyle amenities, ensuring a comfortable and enjoyable living experience. The highlight of these facilities includes a resort-style swimming pool perfect for relaxation, a well-equipped fitness center spanning three levels, and a stylish clubhouse equipped with lounge areas and kitchens ideal for social gatherings. Additionally, outdoor grilling spaces and a pet park enhance the community's appeal.

Strategic Growth in the Pacific Northwest

MG Properties is enthusiastic about integrating Dockside Apartments into its growing portfolio within the Pacific Northwest region. President Jeff Gleiberman expressed the company's commitment: "Adding Dockside Apartments to our portfolio aligns perfectly with our long-term investment strategy due to its strategic location and strong resident interest." This acquisition not only bolsters their existing assets but also underscores MG Properties' strategic focus on high-growth markets.

Collaboration in the Acquisition Process

The acquisition was facilitated with the expertise of CBRE, with Eli Hanacek, Mark Washington, Kyle Yamamoto, and Natalie Kasper serving as the representation for the seller. Furthermore, financing for the transaction was managed by CBRE Capital Markets, with key contributions from Troy Tegeler and Trevor Breaux.

Commitment to Quality and Community

This latest addition marks MG Properties' 11th acquisition in the thriving Seattle metro area, further solidifying its presence amidst dynamic market trends. With a mission to invest in high-quality, well-located properties, MG Properties continues to seek opportunities that match its vision for growth and community enrichment.

About MG Properties

Founded in 1992 by Mark Gleiberman, MG Properties has established itself as a leading entity in the real estate sector, focusing on multi-family asset investment, redevelopment, and management. With its headquarters in San Diego, the company manages a vast portfolio exceeding 32,000 rental homes across multiple states, including California, Washington, and Arizona. The commitment of MG Properties to enhancing community living through quality housing solutions remains paramount in its business ethos.

Frequently Asked Questions

What is the significance of the Dockside Apartments acquisition?

The acquisition enhances MG Properties' presence in high-demand markets, aligning with their investment strategy.

What amenities are available at Dockside Apartments?

Dockside Apartments features a resort-style pool, fitness center, clubhouse, grilling areas, and a pet park.

Who represented the seller in the transaction?

CBRE professionals Eli Hanacek, Mark Washington, Kyle Yamamoto, and Natalie Kasper represented the seller.

How many units does Dockside Apartments have?

Dockside Apartments consists of 344 garden-style units with various options for residents.

What is the focus of MG Properties?

MG Properties specializes in investing in and managing high-quality multi-family assets in thriving markets.

About The Author

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