MG Properties Group, a privately held real estate investor and operator headquartered in San Diego, announced the acquisition of Victoria Arbors Apartment Homes for $137.6 million from Sares Regis Group. This 319-unit, suburban, garden-style property is in the Inland Empire city of Rancho Cucamonga, Calif.
With its coveted location across from the Victoria Gardens Mall, Victoria Arbors provides ease of access to nearby retail and outdoor leisure activities. With a Walk Score of 84 and its close proximity to Interstate 15, Victoria Arbors is the ideal home base for employees drawn to the Inland Empire's booming employment centers, including nearby healthcare and distribution center employers such as QVC and Amazon.
Mark Gleiberman, founder and CEO of MG Properties, said, "Victoria Arbors is ideally positioned to benefit from post-pandemic trends, as a walkable suburban community with growing nearby economic opportunity. The Inland Empire continues to be a top-performing
