MG Properties Group Acquires Multifamily Property In Menifee For $156M

The multifamily property located at 30414 Town Center Dr in Menifee has been sold for a total of $156,000,000. The transaction took place on October 29, 2021. The property consists of 330 units, resulting in a price per unit of $472,727.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $156,000,000
• Address: 30414 Town Center Dr, Menifee
• Market: Menifee

The buyer in this transaction is MG Properties Group, represented by Mark Gleiberman, while the seller is MBK Rental Living, represented by Craig Jones. The brokers involved in the deal are Rachel Parsons and Derrek Ostrzyzek from Berkadia, as well as Cameron Chalfante from CBRE.