REAL ESTATE INVESTMENT
MG Properties Group | November 24, 2021
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.
REAL ESTATE TECHNOLOGY
Realogy Holdings Corp. | April 11, 2022
On April 8th, the annual Real Estate Almanac publication released its T3 Sixty Enterprise 20 Report. The U.S.’s largest real estate company, Realogy topped the rankings as the leading real estate enterprise with the highest sales volume, agent count, and transaction sides for the year 2021.
In addition, six Realogy residential real estate brands, namely, Better Homes and Gardens® Real Estate, CENTURY 21®, Corcoran®, Coldwell Banker®, ERA, and Sotheby’s International Realty® led the report’s top franchise brand lists. Corcoran was recognized as the fastest growing franchise brand based on year-on-year sales volume.
Realogy's leadership in the T3 Sixty Enterprise Report year after year is a testament to the powerful affiliated agents, brokers, and franchise owners who dedicate themselves every day to supporting consumers with one of life's most significant transactions. Their critical role at the center of every transaction helps fuel Realogy as we continue to move the real estate industry to what's next."
Ryan Schneider,Realogy's chief executive officer and president
REAL ESTATE TECHNOLOGY
businesswire | December 08, 2020
Mack Real Estate Group (MREG) declared the dispatch of NEXT Property Management, another outsider property the executives administration offering zeroed in on giving the greatest administration administrations to proprietors of multifamily and office properties cross country. NEXT is important for the Mack Property Management L.P. specialty unit (MPM), which gives property the executives administrations to MREG's developing arrangement of land ventures.
“With the launch of NEXT Property Management, we mark the latest step in the larger process of rebranding, reorganizing, and expanding property management services within the context of the overall MREG platform,” said Richard Mack, CEO of MREG. “We believe that our extensive experience with property ownership will be valuable to other owners who choose NEXT for management services, and we look forward to expanding the NEXT portfolio in the coming years.”
NEXT Property Management is focused on sending key arrangements related to new innovation for property the executives to offer open doors for more noteworthy proficiency and better help. "We are expecting coherence of present day advances and best practices across both the NEXT outsider administration portfolio and the MPM claimed portfolio, as we reliably endeavor to be the best," said Jennifer Willstead, President of MPM.
Jeff Cruz has been selected Vice President of Business Development for NEXT and will be accused of developing the pipeline of outsider administration business. "Jeff has driven a fruitful profession in multi-family traversing more than twenty years and numerous business sectors, and was a characteristic decision to lead our development plan for NEXT," Ms. Willstead added.
MPM (counting NEXT) is settled in Phoenix, AZ. NEXT and MPM depend on the skill of veteran colleagues and a solid comprehension of market essentials and industry patterns toward accomplishing the objectives of expanding resource execution, improving worth, and conveying strong monetary outcomes. They use arising advances and administration driven applications to convey imaginative arrangements, and utilize a set-up of help administrations to improve proficiency.
Mack Property Management was formerly known as Winthrop Property Management. The rebranding was announced September 1, 2020. In October, Mack Property Management officially relocated its head offices to Phoenix and hired Robert J. Matthews as Senior Vice President of Finance and Accounting.
“We believe that centralizing our operations in the Phoenix area enables us to enhance our services for the NEXT and MPM portfolios, and to strategically position us for further expansion in both coastal and mid-country markets,” said Ms. Willstead. “Our team is excited for this new start out of our Phoenix office, which we expect to be our launching pad for significant growth. In addition to this new command center, we will continue to have resources in multiple markets to help align with operational needs and ensure proper support during core business hours, regardless of time zone.”