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MG Properties Spends $93 Mil on 264-Unit Residential Property in Western San Fernando Valley

10/10/18

MG Properties Group has acquired Carillon Apartment Homes, a 264-unit, 235.2k sf multifamily property in the Warner Center/Woodland Hills area of the western San Fernando Valley. The property sold for $93 mil, or $352.3k/unit.

Greg Harris, Ron Harris, Kevin Green and Joseph Grabiec with Institutional Property Advisors represented the buyer and the seller, Fairfield Warner LLC, an entity of Fairfield Residential.

“The area’s proximity to a variety of technology, industrial and healthcare industries along the 101 Corridor, and the new Warner Center 2035 plan for growth over the next two decades, put Warner Center/Woodland Hills in a great position for economic expansion and prosperity in the coming years,” noted Ron Harris.





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