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MG Properties Group Continues to Expand Inland Empire Multifamily Presence with Rancho Cucamonga Acquisition for $137 6 Million

MG Properties Group Continues to Expand Inland Empire Multifamily Presence with Rancho Cucamonga Acquisition for $137 6 Million
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MG Properties Group Grows Inland Empire Presence with 352-unit Multifamily Property in Colton, CA

Share this article Share this article SAN DIEGO, April 7, 2021 /PRNewswire/ MG Properties Group, a private San Diego-based real estate investor and operator, is further expanding its presence in the Inland Empire, today announcing the acquisition of The District Apartment Homes. Formally known as The District at Grand Terrace, MG Properties Group purchased the property from Tower 16 Capital Partners for $88,000,000. Private balconies at The District Apartment Homes in Colton, CA, newly acquired by MG Properties Group. MG Properties Group grows portfolio by 352 by 1, 2, and 3 bedroom apartment community in the Inland Empire. We are pleased to be further growing our long-term presence in the Inland Empire, a market that has strong opportunity due to its economic growth, affordability, and convenience, said Mark Gleiberman, MG Properties Group s Founder & CEO.

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