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MG Properties Bags Bellevue MF from Kennedy Wilson for $191M
San Diego-based MG Properties Group acquired the LIV Bel-Red Apartment Homes in Bellevue for $191 million. The seller was Kennedy Wilson Fund V, a commingled fund managed by Beverly Hills, CA-based Kennedy Wilson.
The Eastside property, which was renamed Vue 22 Apartments, is a 451-unit community completed in 2015 and located in the Bel-Red submarket, between downtown Bellevue and downtown Redmond.
MG Properties Group’s Mark Gleiberman says, “We have been very active purchasers in the Seattle region and believe Bellevue is well positioned to benefit from economic growth in the near term. Vue 22’s location and profile make it an excellent fit for our long-term cash-flow oriented private capital investor group.”
JLL’s David Young, Corey Marx, Chris Ross, and Jordan Louie represented the seller. JLL’s Charles Halladay, Rick Salinas, and Jake Wisness handled the acquisition financing.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Financing
- ◦Sale/Acquisition


