PORTLAND, OR – Private San Diego-based real estate investor and operator, MG Properties Group has acquired the 210-unit multifamily community, Maddox Apartments, in Portland, OR. The company purchased the property for $54 million from Prima Donna Development.

Formerly known as two separate communities, North Harbour Vista and Marine View, the properties were recently combined and rebranded as Maddox Apartments.

Located in North Portland's Bridgeton neighborhood along the Columbia River, the asset offers on-site retail and is situated near the Expo Center Light Rail Station.

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Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.