High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Seattle & Northwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Seattle & Northwest  + Apartments  | 

San Diego Investor Acquires Two Pacific Northwest MFs for More than $305M

MG Properties Group acquired two multifamily communities; the Pallas Apartments in Beaverton, OR and the Tivalli Apartments in Lynnwood, WA (pictured), for a combined total of more than $305 million. With these acquisitions, the San Diego-based company has acquired nearly $3 billion of apartment properties in the Western U.S. since 2017.

MG Properties Group’s Mark Gleiberman says, “These acquisitions reflect our continued belief in the economic potential of the Pacific Northwest, and allow MG Properties Group to further create economies of scale to enhance the performance of our existing regional portfolio.”

Pallas Townhomes & Apartments, a 566-unit community at 15021 SW Millikan Way, was purchased in an off-market transaction for $186 million from a JV between Holland Partner Group and Invesco Real Estate. Financing was provided by Fannie Mae and arranged by Brian Eisendrath and Cameron Chalfant of CBRE.

Tivalli Apartments, a 383-unit community at 15631 Ash Way north of downtown Seattle, was acquired for $119.2 million. David Young and Corey Marx of JLL represented the seller. Financing was provided by Freddie Mac and arranged by Bryan Frazier and Blake Hockenbury of Walker & Dunlop.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With MG Properties Group’s GleibermanConnect With Holland Partner GroupConnect With CBRE’s EisendrathConnect With Walker & Dunlop’s Frazier

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
New call-to-action
New call-to-action
New call-to-action