San Diego Business Journal

San Diego Firm Acquires Ontario Apartments for $95M

Tuesday, February 5, 2013

Investment firm MG Properties Group of San Diego has purchased the 736-unit Archstone Terracina apartments in Ontario for $95 million, according to a statement from brokerage firm Cushman & Wakefield, which represented Colorado-based seller Archstone.

The 41-acre community, in western San Bernardino County, was built in 1988.

The deal followed MG’s recent $25.25 million purchase of the 156-unit Waterstone Apartments in Tracy, and its $19.25 million acquisition of the 138-unit Terramonte Apartments in Pomona.

— SDBJ Staff Report