REAL ESTATE INVESTMENT

MG Properties Group Acquires Martinez Multifamily Community

MG Properties Group | November 24, 2021

Multifamily News
MG Properties Group, a private San Diego-based real estate investor and operator, is further expanding its presence in the Bay Area, today announcing the acquisition of Maris at Martinez, formerly known as Terra Martinez.

Located in the East Bay hills, this 168-unit community offers an ideal location off State Route 4, connecting it to endless shopping, dining, and recreation options. The increasingly strengthened hybrid work environment allows Martinez to flourish as a viable option for Bay Area commuters.

"We are pleased to be further growing our long-term presence in the Bay Area, This is a market that has strong opportunity due to its economic growth, affordability, and convenience."

- Mark Gleiberman, MG Properties Group's Founder & CEO.

This class "B" property was constructed in 1985 and has continued to be an increasingly popular destination for Bay Area residents to call home.

The sellers were represented by Salvatore Saglimbeni, Stanford Jones, Philip Saglimbeni, and Alexander Tartaglia from Institutional Property Advisors. Mortgage financing for the acquisition was provided by institutional investors advised by JP Morgan Asset Management and arranged by Bryan Frazier, Andrew Schoene and Blake Hockenbury at Walker & Dunlop.

Rebranded as Maris at Martinez, this community is the 19th acquisition in the last year for the company overall – totaling over $1.6 billion in combined value. MG Properties is continuing to target further acquisitions in Washington, Oregon, California, Arizona, Nevada, Utah, Colorado, and Texas. 

About MG Properties Group
MG Properties Group is a privately owned, fully integrated real estate company specializing in the investment, redevelopment, and management of multi-family assets. Headquartered in San Diego, California, MG was founded in 1992 by Mark Gleiberman with the mission to enrich communities. MG's current portfolio is comprised of over 23,000 rental homes in California, Washington, Arizona, Nevada, Colorado, and Oregon, including 79 communities.

Spotlight

In September 2011, U-Store-It, a leader in the self-storage industry hit the refresh button and introduced its new brand and company name: CubeSmart. Convinced that being the brand known for service would differentiate them in the crowded self-storage marketplace, CubeSmart made a substantial investment to update their signage across the country, to create modern looking Super Stores and add an impressive number of storage related amenities.

Spotlight

In September 2011, U-Store-It, a leader in the self-storage industry hit the refresh button and introduced its new brand and company name: CubeSmart. Convinced that being the brand known for service would differentiate them in the crowded self-storage marketplace, CubeSmart made a substantial investment to update their signage across the country, to create modern looking Super Stores and add an impressive number of storage related amenities.

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REAL ESTATE INVESTMENT

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William Raveis Real Estate, Mortgage & Insurance | August 11, 2021

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Susan Saltalamacchia, along with her son, Brian Tresidder, and close family friend, Keith Redding, spent a decade building Key Solutions into a highly successful, collaborative and family-oriented boutique luxury brokerage, specializing in the sale and rental of properties throughout Sarasota, and have generated close to $1 billion in sales since their inception. "When we were approached to join William Raveis Real Estate, we knew it was a perfect fit. Their company and leadership team have the same values we embrace in our offices and their focus on agent success and training to improve the customer experience is second to none. We knew this was a company we wanted to be working with, and not against," says Tresidder, who will continue on as broker for the two Sarasota offices. 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REAL ESTATE TECHNOLOGY

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Kukun | July 14, 2021

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REAL ESTATE TECHNOLOGY

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ShaikhTech | November 03, 2021

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