MG Properties Group, a private San Diego-based real estate investor and operator, is further expanding its presence in the Bay Area, announced the acquisition of Maris at Martinez.
Located in the East Bay hills at 142 Fig Tree Ln, Martinez, CA, this 168-unit community offers an ideal location off State Route 4, connecting to shopping, dining, and recreation options.
“We are pleased to be further growing our long-term presence in the Bay Area,” said Mark Gleiberman, MG Properties Group’s Founder & CEO in a statement. “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 the last year for the company overall – totaling over $1.6 billion in combined value. MG Properties is continuing to target further acquisitions.
MG Properties Group is a privately owned, fully integrated real estate company specializing in the investment, redevelopment, and management of multi-family assets. Headquartered in San Diego, California, MG was founded in 1992 by Mark Gleiberman with the mission to enrich communities. MG’s current portfolio is comprised of over 23,000 rental homes including 79 communities.