The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
December 3, 2020
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
MG Properties Group and Rockwood Capital Close $96 Mil Multifamily Buy in Camarillo

11/20/20

MG Properties Group and Rockwood Capital have acquired Las Positas Apartment Homes, a 213-unit multifamily community in Camarillo, for $95.75 mil, or about $450k/unit. The property, located at 352 Townsite Promenade, was sold by Fore Property.

Built in 2019, Las Positas is a low-density property with resort-style common area amenities. Residents benefit from easy access to Hwy 101, connecting Camarillo to job centers throughout Los Angeles.

Only two other apartment communities over 100 units have sold in the city since 2014, and few other institutionally sized apartment communities exist in the submarket, according to Mark Gleiberman, MG Properties Groupís CEO. There are currently no new communities under construction or planned.

Financing was provided by Fannie Mae and arranged by Brian Eisendrath, Cameron Chalfant and Jesse Weber of CBRE. MG Properties Group has purchased eight communities in the past 12 months. These acquisitions totaled over 2,200 units and $700 mil in combined value.




Return to the previous page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media