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MG Properties Group Acquires Multifamily Asset in Vancouver
San Diego-based MG Properties Group acquired the Hearth Apartment Homes in Vancouver, WA. The 179-unit community was completed in 2019 and located near Vancouver’s Columbia Tech Center. CBRE’s Brian Eisendrath and Cameron Chalfant arranged $33.3 million in acquisition financing through Fannie Mae.
The seller was Fore Property, which was represented by Josh McDonald of CBRE.
MG Properties Group’s CEO Mark Gleiberman says, “We have been very active purchasers in the Portland region and believe strongly in its potential for economic growth. Hearth is an excellent addition to our Portland portfolio, and will allow us to further leverage our platform in the region.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


