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California  + Orange County  + Apartments  | 

MG Properties Adds Anaheim Apartments for $144M

MG Properties has completed the $144-million acquisition of Citron Apartments, a recently completed community in Anaheim with 314 residential units. With this acquisition, MG has added 17 properties to its portfolio over the past 12 months.

Built in 2023, Citron is located near two major California freeways, Disneyland, The Anaheim Convention Center and The Platinum Triangle, where the Los Angeles Angels and Anaheim Ducks host home games. The four-story mid-rise construction property features upscale amenities and modern finishes.

“Orange County has been a top-performing market through several downturns over the past 20 years,” said Jeff Gleiberman, president of MG Properties. “With low new supply and continued rental demand, we are very bullish on the market and the opportunity for growth.”

Financing for the acquisition was provided by Freddie Mac and arranged by Kevin Mignogna, Charlie Haggard, Lee Scott, Joey Guarino and Michael Beach with Berkadia.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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