Transactions - NOVEMBER 24, 2021

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MG Properties Group acquires Bay Area family community

by Andrea Zander

MG Properties Group, a private San Diego-based real estate investor and operator, has acquired Maris at Martinez, formerly known as Terra Martinez, located in California’s East Bay.

The financial terms and the seller were not disclosed.

Located in the East Bay hills, this 168-unit community offers an ideal location off State Route 4, connecting it to shopping, dining, and recreation options. The strong hybrid work environment makes Martinez a viable option for Bay Area commuters.

“We are pleased to be further growing our long-term presence in the Bay Area,” said Mark Gleiberman, MG Properties Group’s Founder & CEO. “This is a market that has strong opportunity due to its economic growth, affordability, and convenience.”

This class-B property was constructed in 1985 and has continued to be an increasingly popular destination for Bay Area residents.

Rebranded as Maris at Martinez, this community is the 19th acquisition in t

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