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MG Properties Group buys California luxury apartment community

San Diego-based MG Properties Group, a real estate investor and operator, has acquired Alexan Melrose, a luxury apartment community in Vista, California, for $134 million. The seller is Trammell Crow Residential and their joint venture partner. Alexan Melrose is a 410-unit luxury apartment community built in 2015. Trammel Crow is a subsidiary of CBRE Group, Inc.


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