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KENT, WA—MG Properties Group, a private San Diego-based investor, has acquired Mosaic Hills Apartments here. Built in 1980, Mosaic Hills is located in Kent Heights, providing residents with convenient access to retail amenities and employment corridors throughout the south Seattle region.  The low-density property features a broad mix of unit types, comprising one, two, and three-bedroom floorplans as well as an array of common area amenities. MGPG plans to significantly reposition the property through a multi-million dollar renovation to include upgrades to the property’s common areas and unit interiors as well as a substantial capital investment to cure deferred maintenance.

David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.

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