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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
- ◦Sale/Acquisition




