MG Properties has closed on its third multifamily acquisition in the Denver area this year: the Bear Valley Park Apartments, a garden-style community that traded for $76 million. "This investment reflects our confidence in Denver's economic growth potential and allows us to further leverage the efficiency of our regional operations there," said Jeff Gleiberman, President of MG Properties, in prepared remarks.
The seller was Jackson Square Properties, which was represented by Jordan Robbins and Alex Possick with JLL Capital Markets. Financing for the transaction was provided by Fannie Mae and arranged by Charles Halladay, Rick Salinas, Brandon Smith, and Annie Rice with JLL Capital Markets.
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