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ENCINITAS, CA - San Diego-based Tower 16 Capital Partners has successfully acquired The Deco at Victorian Square, a 209-unit multifamily property located in the rapidly growing Reno, Nevada, market. The project was built in 2021 and acquired for $43 million, well below today’s replacement cost. “This marks our first acquisition in the Reno market and brings us back into Nevada where we previously owned a portfolio of 2,000 units,” said Tower 16 Co-Founder Tyler Pruett....

RENO, Nev. & SAN DIEGO, February 28, 2024--Tower 16 Capital Partners Acquires The Deco at Victorian Square, Its First Multifamily Project in Reno for $43 million, well below replacement cost.

SAN DIEGO, CA - MG Properties, a private San Diego-based real estate investor, owner, and operator is further expanding their presence in the Orange County, CA with the acquisition of The Herald Apartments. Built in 2021, this 215-unit community is a rare opportunity to acquire a

CAMARILLO, CA - MG Properties Group, a privately held real estate investor and operator headquartered in San Diego, California, announced their acquisition of Andorra Apartments in Camarillo, California. The 450-unit community brings 2021 to a close with over $1.9 billion in total acquisitions.