San Diego-based MG Properties Group (MGPG), a private real estate investor and operator, in partnership with equity provider Rockwood Capital, has acquired the Terracina Apartments at 3303 S. Archibald Ave. in Ontario, CA for $95 million, or about $129,000 per unit, from Archstone. The 736-unit, 673,280-square-foot multifamily community was built in 1989 on 21 acres in the Airport Area submarket of San Bernardino County. It is located at the intersection...
via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/MG-Properties-Closes-on-$95M-Acquisition-of-Terracina-Apts/145548?ref=/News/Article/MG-Properties-Closes-on-$95M-Acquisition-of-Terracina-Apts/145548&src=rss
via Inland Empire Commercial Real Estate News From CoStar Group http://origin-www-vi.costar.com/News/Article/MG-Properties-Closes-on-$95M-Acquisition-of-Terracina-Apts/145548?ref=/News/Article/MG-Properties-Closes-on-$95M-Acquisition-of-Terracina-Apts/145548&src=rss
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