Two Valley Apartment Buildings Trade for $139M

MG Properties Group has acquired to apartment properties north of Los Angeles, Enclave at Warner Center and Meridian Place in Northridge. The two properties traded hands for more than $139 million.

The two properties total 397 units. Enclave sold for $69.25, while Meridian Place traded hands for $70.25 million.

Brian Eisendrath, Brandon Smith and Cameron Chalfant at CBRE secured financing for the acquisitions.