MG Properties has expanded its presence in the Las Vegas metro with the acquisition of Tribeca North Apartment Homes. This is the first acquisition of 2023 for MG Properties after acquiring 18 properties in 2022 totaling nearly $2 billion.
The seller was The Bascom Group.
This 312-unit community offers luxury low-density apartments with an attractive design, resort-style amenities, and functional floorplans with available garages. Tribeca North offers an ideal location providing access to employment centers, including more than 57 million square feet of industrial buildings in North Las Vegas, Nev., the recently approved 2.3 million-square-foot Helios mixed-use medical campus, and the Las Vegas Strip.
“This community is situated in a highly desirable submarket which has experienced exponential population and job growth throughout the past decade,” said Jeff Gleiberman, President of MG Properties.
In addition to this new acquisition, MG Properties ope
