MG Properties Group based in San Diego has acquired three Sacramento-area apartment complexes for an undisclosed price.
The three complexes have a total of 716 apartments.
Bella Vista, 6810 Di Lusso Drive, Elk Grove has 241 apartments.
Atwood, 5400 Heritage Tree Lane, Citrus Heights, has 206 apartments.
Somerfield at Lakeside, 9444 Harbour Point Drive, has 269 apartments.
All were built in 2000.
Mark Leary and Nate Oleson of Newmark Knight Frank represented the seller, who was not disclosed.
MG Properties Group represented itself.
“These three properties represent an opportunity to own and manage a substantial portfolio in a market which is experience strong job and rent growth,” said MG Properties CEO Mark Gleiberman.