Modern Home Builder - Winter 2017 - 61

MG Properties' upgrades to properties usually include adding amenities and updating finishes.

of prospects. "Although we do have a few
very high end properties and a few lower income properties, our most prevalent strategy takes a high quality C+ or B- property
and repositions it to a B+ or an A- property
through improved management and physical improvements," she adds.
Upgrades often include exterior painting,
enhancing or adding common area amenities and improving the appearance of leasing centers, fitness centers and clubhouses.
Interior unit changes vary widely between
properties, however, often the scope will
include updating interior finishes to a more
modern look.

A LASTING VISION
MG Properties Group acquires, rehabilitates and manages apartment communities in the Western United States. Since its
founding in 1992, MG Properties Group
has acquired and managed more than 113

properties totaling more than 17,000 units.
The company today manages over 12,500
apartments in 55 communities located in
California, Arizona, Nevada, Washington
and Oregon.
The company's recent projects include
Riverwalk at Happy Valley in Happy Valley,
Ore., which the company acquired in late
September; Reflections at the Marina, a
240-unit apartment community in Sparks,
Nev.; and Mosaic Hills, a complex in Kent,
Wash. MG Properties is also under contract
on properties in Southern California, Washington and Arizona.
Gray credits the company's success to
its founder and CEO Mark Gleiberman.
"Mark had a vision for the company and
surrounded himself with great people
who have stuck with us for many years and
through several ups and downs," she says,
noting that the majority of the company's
executive staff remained intact throughout
Winter 2017 www.mhb-magazine.com

61


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Table of Contents for the Digital Edition of Modern Home Builder - Winter 2017

Contents
Modern Home Builder - Winter 2017 - Cover1
Modern Home Builder - Winter 2017 - Cover2
Modern Home Builder - Winter 2017 - 1
Modern Home Builder - Winter 2017 - 2
Modern Home Builder - Winter 2017 - 3
Modern Home Builder - Winter 2017 - Contents
Modern Home Builder - Winter 2017 - 5
Modern Home Builder - Winter 2017 - 6
Modern Home Builder - Winter 2017 - 7
Modern Home Builder - Winter 2017 - 8
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Modern Home Builder - Winter 2017 - Cover3
Modern Home Builder - Winter 2017 - Cover4
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