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MG Properties Closes on $95M Acquisition of Terracina Apts

Archstone Lightens Debt Load in Inland Empire
By Justin Sumner
CoStar News
February 8, 2013 | 8:01 P.M.

San Diego-based MG Properties Group (MGPG), a private real estate investor and operator, in partnership with equity provider Rockwood Capital, has acquired the Terracina Apartments at 3303 S. Archibald Ave. in Ontario, CA for $95 million, or about $129,000 per unit, from Archstone.

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