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9/02/25
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MG Properties has closed on its initial acquisition in Texas, Ovation at Galatyn Park, a luxury apartment community located in Richardson, a thriving suburb of Dallas. Built in 2024, the 361-unit property is located at 2323 Plaza Blvd, south of President George Bush Turnpike and adjacent to the east side of Hwy 75.
Ovation at Galatyn Park offers residents a blend of luxury, convenience, and connectivity. With modern interiors, premium amenities, and proximity to major employment centers, retail, and transit, the community stands out as a sought-after living destination in Richardson.
The sellers, which included Legacy Partners along with an institutional partner, were represented by Daniel Baker, Johnathan Makus, Kevin O’Boyle and Chandler Sims of CBRE. Financing for the transaction was led by CBRE Capital Markets’ Andrew Behrens, Jesse Weber, and Stephen Baird. The price was not disclosed.
This acquisition marks MG Properties’ first investment in the Lone Star State, underscoring the company’s ongoing commitment to strategic growth and market diversification. The purchase brings MG’s total portfolio to over 32,000 units across multiple states.
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