The real estate investment firm, MG Properties, has recently acquired a residential property. The property is located in San Diego’s desirable Point Loma neighborhood.
MG Properties Expands Portfolio with Acquisition of Dylan Point Loma Apartments
MG Properties was founded in San Diego in 1992. It has developed a large portfolio of multifamily communities in California and the larger West Coast. The firm has a long-term focus on stable and high-demand urban and suburban markets.
The firm follows a strategy to focus on properties located in neighborhoods that have good employment, lifestyle, and growth prospects. This approach helps attract a vibrant, engaged community to the properties.
MG Properties has recently announced another great investment. The firm acquired Dylan Point Loma Apartments. The community is close to all the key employment centers, beachfront, food, and entertainment venues.
The move enhances the company’s presence in the same territory where it started, as shared by Jeff Gleiberman, President of MG Properties. “Dylan Point Loma is well-positioned to benefit from the area’s strong fundamentals, and we look forward to enhancing the community while continuing to deliver an exceptional living experience for residents.”
As part of the deal, MG Properties will enact targeted capital improvements and operational upgrades. MG Properties plans targeted upgrades while preserving the property’s neighborhood charm. The move highlights the firm’s long-term ownership approach and hands-on asset management philosophy.
CBRE had Rachel Parsons and Derrek Ostrzyzek representing the seller, LaSalle. The acquisition was funded by Fannie Mae and put together by Scott Peterson, Bill Childs, and Brian Cruz of CBRE.
Property Highlights and Resident Benefits
Dylan Point Loma Apartments is a great choice for a renowned investment firm like MG Properties. It is because of its unique blend of location, size, and amenities. The property has oversized floor plans that average around 1,134 square feet, providing residents with more living space.
Each apartment also comes with a private garage, providing residents with a secure place to park their vehicles. The property is well-located in the Point Loma area of San Diego.
It provides residents with easy access to the coastline and outdoor recreation areas. It also offers easy access to downtown San Diego and major job centers.
The area is also recognized for its blend of residential character and proximity to transportation channels. Apart from this, the property is designed to provide residents with a comfortable and modern lifestyle. Here are some of the distinct amenities:
- Saltwater pool and spa
- Private patios
- Pet wash station
- Gourmet kitchens
- Outdoor BBQ spaces
- Modern fitness center
The acquisition of Dylan Point Loma Apartments reflects MG Properties’ confidence in the strong demand for multifamily housing in the region.
