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OCEANSIDE, CA-A limited partnership established and controlled by San Diego-based MG Properties sells the 150-unit Libby Lakes Apartments complex to Pacifica Hospitality Group Inc. The seller had planned to hold the asset for five to seven years when it acquired the property in January 2002, but chose to sell earlier, due to the current demand for multifamily product in the local marketplace.
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May 12, 2026
However, leasing dropped by eight percent.
May 12, 2026
Debt funds and mortgage REITs take the majority share while banks and CMBS pull back.
May 12, 2026
GlobeSt. will recognize those that drive the sector's performance as the 2026 Influencers in Industrial. Nominate a candidate before the submission deadline on May 27!