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2026 The ApartmentBuildings.com 100
Transactions of the Year
- $1.625 Billion Camden Portfolio Deal Ranks Among Southern California’s Largest
- Aimco Sells Chicago Multifamily Portfolio for $455 Million
- Barings Sells Midtown West Rental Tower for $244 Million
- Blackstone, La Caisse Secure $3.15-Billion StuyTown Refinancing
- Equity Residential, AvalonBay Merge in $52 Billion Apartment REIT Deal
- Ethos Affiliate Acquires San Jose’s Ascent for $323 Million
- GO Residential-Led Consortium to Acquire H＆R in $6.7 Billion Deal
- Grant Cardone Fund Wins Court Approval for $235M Boca Raton Apartment Deal
- IMT Capital Obtains $625-Million Freddie Mac Refi
- JLL Capital Markets Structures $1.1-Billion National Apartment Portfolio Venture
- Kennedy Wilson Acquires Toll Brothers’ Apartment Platform for $347M
- Kennedy Wilson, Jamison Partner to Deliver 4,000 Affordable Units Across Los Angeles
- MG Properties Acquires Park 12 for $309 Million in San Diego
- Morgan Properties Acquires $501 Million Trilogy Multifamily Portfolio
- Oak Row, OKO and Mariposa Close $520-Million Brickell Land Deal
- Outpost, June Homes Merge to Create 4,000-Unit Co-Living Platform
- Sonida Completes $1.8-Billion Merger with CNL Healthcare Properties
- Sun Life Takes Full Control of BGO, Crescent; Buys Bell
- West Shore Closes $600 Million in Multifamily Financing and Acquisition Activities
- Winning Proposal Will Bring 3,600 Affordable Units as Part of $8-Billion St. Petersburg Mixed-Use
MG Properties Acquires Park 12 for $309 Million in San Diego
MG Properties acquired Park 12 Apartments, a 35-story high-rise in downtown San Diego, for $309 million. The apartment buy represented the city’s largest acquisition since 2020 and the third-largest apartment transaction locally on record, according to MG Properties.
Built in 2018, Park 12 is located within the Ballpark Village master plan adjacent to Petco Park, home of the San Diego Padres. The property includes a multifamily component along with 43,000 square feet of retail space.
The acquisition expanded MG Properties’ presence in its home market and aligns with the company’s strategy of making long-term investments in high-quality multifamily properties. The San Diego-based firm cited the property’s location and its outlook for the city as factors in the acquisition.
Greystar was the seller in the transaction. Eastdil Secured represented Greystar, with Joseph Smolen and Geoff Boler handling the sale.
Acquisition financing was provided by Fannie Mae and arranged by Eastdil Secured’s Greg Stampley and Lee Redmond.
These are some of the reasons why the MG Properties transaction was selected to receive ApartmentBuildings.com’s AB 100 Transaction of the Year Award, which recognizes those who demonstrate creativity, skill and success in the multifamily industry.