MG Properties, a leading real estate investment and management company, has completed the acquisition of Bear Valley Park Apartments, a premier garden-style community located in Denver, Colorado for a total purchase price of $76 million. The closing marks MGP’s third multifamily acquisition of 2023 in the Denver area.
Situated in Southwest Denver on the border of Lakewood, the well-established residential community Bear Valley Park Apartments offers residents a high-quality suburban living experience with convenient access to employment centers throughout the metro area, including the Southeast Business Corridor and Downtown Denver, both within a 25-minute drive.
“This investment reflects our confidence in Denver’s economic growth potential and allows us to further leverage the efficiency of our regional operations there,” said Jeff Gleiberman, President of MG Properties. “As a stabilized property in a high-quality submarket, Bear Valley Park is an excellent fit for our long-term investment strategy.”
The seller, Jackson Square Properties, was represented by Jordan Robbins and Alex Possick with JLL Capital Markets. Financing for the transaction was provided by Fannie Mae and arranged by Charles Halladay, Rick Salinas, Brandon Smith, and Annie Rice with JLL Capital Markets.
MG Properties 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 Properties was founded in 1992 by Mark Gleiberman with the mission to enrich communities. MG’s current portfolio is comprised of over 28,000 rental homes in California, Washington, Arizona, Nevada, Colorado, and Oregon, across 103 communities.