MG Properties Wraps Up $309M ($310k/unit) Res Buy of 995-units in Downtown San Diego from Greystar

2/6/2025

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RENTV

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Highrise

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: Greystar

MG Properties recently completed its purchase of Park 12 Apartments, a 718-unit, 35-story high-rise residential community in downtown San Diego, in a $309 mil transaction. The property was sold by Greystar.

The acquisition consists of a 35-story tower with 438 res units at 100 Park Plaza and a six-story podium with 280 res units at 101 and 201 Park Blvd. The property also includes 43k sf of retail space.