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MGR ACQUIRES APARTMENT COMPLEXES IN SAN DIEGO AND SAN BERNARDINO COUNTIES

MGR is proud to announce the acquisition of two apartment complexes for a combined price of $17,000,000. This acquisition includes a total of 74 multifamily units between both San Diego and San Bernardino counties. This transaction was completed by Michael G. Rademaker and Daniel Dickson of MGR Real Estate.

The Cucamonga Ridge apartment complex in Ontario includes a total of 56 residential units. This property includes additional amenities such as a leasing office, common park area, garages, on-site storage, and a community pool.

The Vista Glen apartment complex in Vista includes a total of 18 residential units. This property is significant for the MGR portfolio because although the company currently has an office in Carlsbad and manages many properties within San Diego county, this acquisition signifies MGR’s first corporate purchase for ownership in the area.

Both complexes will be undergoing renovations to their individual units and common areas over the coming months. MGR intends to expand upon these properties to enhance the tenants’ experience with improved facilities and quality property management services. As MGR expands upon its ownership portfolio throughout Southern California, its ability to provide elite expertise and service to its clientele continues to grow as well.

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