February 27, 2023
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Multifamily Acquisition of the Week: Tribeca North Apartment Homes in Las Vegas
MG Properties, a private San Diego-based real estate company, has bolstered its presence in the Las Vegas metropolitan area by acquiring Tribeca North Apartment Homes, the company’s first acquisition of 2023. MG Properties previously acquired 18 properties in 2022 that totaled almost $2B. Property: Tribeca North Apartment Homes in Las VegasBuyer: MG PropertiesSeller: The Bascom More
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Office lending is effectively on hiatus
Office financing will be difficult this year and even deals with the strongest sponsors in favorable locations will be tough. Many lenders and borrowers expected office to bounce back, which has not happened yet, and it is affecting the lending environment. More
