MG Properties Group has acquired Andorra Apartments in Camarillo, Calif. The financial terms and the seller were not disclosed.
“We are thrilled to be further scaling our Southern California portfolio,” said Mark Gleiberman, founder & CEO of MG Properties Group. “Andorra is an ideal fit for our long-term oriented private capital investor base.”
Near both Los Angeles and Santa Barbara, Camarillo is a uniquely situated arterial hub combining a high-quality suburban living environment with access to multiple job centers. Its design offers a blend of rustic California style with modern refinement.
Andorra marks the 19th acquisition in a benchmark year for the company – totaling more than $1.9 billion in combined value. MG Properties is continuing to target further acquisitions in Washington, Oregon, California, Arizona, Nevada, Utah and Colorado.
