Centra apartments
Photo courtesy of Michael Ufnal

Centra apartments Photo courtesy of Michael Ufnal

 MG Properties Group, a real estate investment firm based in Sorrento Valley, has acquired a Phoenix apartment complex for $74.5 million.
The five-story Centra apartments was sold by FORE Property
Built in 2020, Centra has 233 apartments.
The seller was represented by Steven Nicoluzakis and David Fogler of Cushman & Wakefield.
 The transaction was financed with a $43.1 million loan from Key Bank arranged by Brooks Benjamin.