MG Properties completes acquisition of 275-unit Verona apartment community in the Las Vegas submarket of Henderson, Nevada

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LAS VEGAS, NV – MG Properties, a San Diego-based private real estate investor, owner and operator, has acquired the 275 Verona Apartments in Henderson. MG Properties owns five other properties in the Las Vegas submarket.

Las Vegas’ desirable Henderson submarket is one of the fastest growing cities in the country due to its job growth, planned and award-winning communities, strong school system and amenities. Las Vegas’ relative affordability compared to coastal metros has led to the expansion of top employers, and Verona Apartments’ location boasts excellent accessibility to several major thoroughfares that connect residents to major business centers. metro use.

“Las Vegas continues to be a major beneficiary of the economic recovery, with strong population and job growth,” said Jeff Gleiberman, chief executive of MG Properties. “We are excited to add Verona to our regional portfolio and remain optimistic about the future prospects of the Las Vegas market.”

MG Properties has acquired 11 communities in 2022 so far, totaling over 2,800 units exceeding $990 million in combined value. The company is targeting new acquisitions in Washington, Texas, Oregon, Arizona, California, Colorado and Nevada.

The seller was represented by Taylor Sims of Cushman and Wakefield. Funding was provided by Brooks Benjamin and Corina Lam of Key Bank Real Estate Capital.

Source: MG properties

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