X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MG Properties Group has been on a buying spree. In the last 12 months, the firm has acquired 16 properties totaling 4,200 units with a total value of $1.1 billion. Its most recent acquisition is Village at Desert Lakes in Las Vegas, a 184-unit garden-style apartment building, and an example of the types of properties that the firm has been buying.

“We tend to be both consistent sellers and buyers throughout market cycles as we manage debt maturities and our portfolio allocation,” Paul Kaseburg, CIO at MG Properties Group, tells GlobeSt.com. “Our higher pace of activity in the past few years reflects both the availability of exchange capital from dispositions and the strong investment appetite from our private capital group.  As cash-flow oriented investors, we have benefitted from an attractive capital markets environment and are seeing a consistent flow of opportunities that we believe will be steady performers in the medium/long term.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.