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California  + Apartments  | 

MG Properties, Rockwood Capital Claim Camarillo MF for Nearly $100M

San Diego-based MG Properties Group and Rockwood Capital acquired the Las Positas Apartment Homes in Camarillo from Fore Property for $95,750,000. The 213-unit community was completed in 2019.

MG Properties Group’s Mark Gleiberman says, “Las Positas’ low-density environment and high-quality suburban location reflect the types of attributes residents are seeking in the current environment.”

Limited supply has resulted in strong apartment fundamentals in the market, despite the impact of the COVID-19 recession. There are currently no new communities under construction or planned in Camarillo. Las Positas has resort-style common area amenities and residents benefit from easy access to Highway 101, connecting Camarillo to job centers throughout Los Angeles.

Financing was provided by Fannie Mae and arranged by CBRE’s Brian Eisendrath, Cameron Chalfant and Jesse Weber.

MG Properties Group has acquired eight communities in the past 12 months, encompassing more than 2,200 units with a combined value of $700 million.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

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Connect With MG Properties Group’s GleibermanConnect With Fore PropertyConnect With CBRE’s Eisendrath

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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