MG Properties Group Acquires Arizona and California Multifamily Communities for $50 Million Total

MG Properties Group, a private San Diego-based real estate investor and operator, has announced the acquisition of two multi-family properties; the 376-unit Garden Grove Apartments in Tempe, Arizona and the 72-unit Bella Vista Apartments in Napa, California. “Both acquisitions leverage our existing management platform, creating operational efficiencies and allowing us to scale our portfolio in…