As a result of MG Properties proven track record and depth of multifamily investment experience, the company is poised to continue its steady growth by leveraging its operational expertise. Strong renter demand makes selective investments in multifamily properties a smart move in today’s marketplace. MG Properties has proven its expertise in redeveloping and repositioning properties for success and continues to attract investors.
The company selects markets where there is a current or projected undersupply of rental housing. MG Properties has chosen to invest in metropolitan areas that possess favorable demographics and economic fundamentals including Southern California, Phoenix, Tucson, the San Francisco Bay Area, Reno, Las Vegas, Denver, Portland and Seattle. Acquisition criteria also include buying apartment properties in established, built-out neighborhoods with barriers to entry or within urban areas where there is minimal risk of new competitive supply being added.
MG Propertiesinvests in underperforming and value-add apartment properties in major metropolitan areas in the western United States. The company targets properties that can be refurbished or renovated to generate above-market cash flow returns. Enhanced management systems and policies are instituted to maximize the performance of each asset. Emphasis is placed on investing in properties that will attract a stable, long-term renter population following renovation. Upon sale, investors have the option to receive their taxable proceeds or reinvest on a tax-deferred basis into a replacement property.
Today, MG Properties manages over 27,000 apartment homes in over 95 communities in high-growth cities in California, Arizona, Nevada, Washington, Colorado, and Oregon. The company’s apartment portfolio has a total market value of over $9 billion.