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History

MG Properties Group’s history traces back to a single investment in a 36 unit apartment property in Vista, California in 1992. Over the subsequent two decades, MGPG has acquired 93 communities across the western United States. Our current portfolio consists of 12,643 units in California, Washington, Arizona, Nevada and Oregon overseen by our 350 employees.

Mark Gleiberman, MGPG’s founder and president, saw an opportunity in the distressed real estate market of the early 1990s. At the time, banks and government entities were liquidating properties and buyers were scarce; particularly for under performing properties requiring physical renovation and improved management. He worked with a small, entrepreneurial team to begin acquiring these properties and renovating them; improving residents’ experiences and providing investors with steadily growing income streams. These early acquisitions created an in-house expertise in property management and construction, and a focus on workforce housing which continues to this day.

From 1992 to 2003, MGPG acquired 32 apartment communities totaling more than 2,500 units in San Diego County. As the values of San Diego properties increased, the company expanded into the Inland Empire with the acquisition of 6 new properties comprising 1,764 units. From 2004 to 2007, the company continued pursuing opportunities in new markets with more compelling investment attributes; Northern California, Phoenix, Seattle, Tucson, Reno and Oregon.

With each expansion, MGPG has continued our focus on self-managed value-add workforce housing. In most cases, acquisitions have required renovations and operational improvements to make them successful. In some cases, the dramatic improvements made to our properties have been the impetus for the revitalization of surrounding neighborhoods. MGPG has been given more than 50 awards from local communities and industry associations for our property renewal and management accomplishments.

Since 2010, MGPG has continued acquiring properties, creating investment opportunities by leveraging our relationships with industry participants, our reputation as a reliable business partner, our ability to acquire the best mortgage terms, and our existing operational portfolio. During the past three years we have acquired 17 new properties totaling 4,421 units in Seattle, San Diego, Los Angeles County, Northern California, Reno and Oregon. Our current portfolio of 52 properties has a market value of approximately $1.5 billion and generates over $140 million per year in rental income.