MG Properties And Rockwood Capital Acquire San Diego Multifamily For $184.6M

Jeff Gleiberman captured an image of the recent closed property transaction of a multifamily asset in San Diego. The transaction took place on December 19, 2022, at 8798 Spectrum Center Blvd.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $184,600,000
• Market: San Diego
• Buyer: MG Properties - Jeff Gleiberman & Rockwood Capital
• Seller: Magnolia Capital
• Broker: Joseph Smolen, Geoff Boler, Mark Peterson, Jonathan Merhaut & Eugene Chong - Eastdil Secured
• Units: 379
• Price per Unit (PPU): $487,071

The buyer, represented by MG Properties and Jeff Gleiberman & Rockwood Capital, acquired the multifamily asset from Magnolia Capital. Eastdil Secured, through their brokers Joseph Smolen, Geoff Boler, Mark Peterson, Jonathan Merhaut, and Eugene Chong, facilitated the transaction.