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San Diego Firm Sheds $142M Apartment Complex

ONTARIO, CA—GlobeSt.com EXCLUSIVELY learns that the sale of Terracina is the largest ever of a single multifamily property in the Inland Empire.

By Natalie Dolce | nataliedolce | Updated on June 02, 2016

Terracina Terracina

ONTARIO, CA—GlobeSt.com exclusively learns that MG Properties Group, a private San Diego-based real estate investor and operator, and affiliates of Rockwood Capital LLC, have sold Terracina for $142 million. The multifamily property is located in Ontario, CA and the sale is said to be the largest ever of a single multifamily property in the Inland Empire.

MG Properties Group acquired the property in January 2013 in a joint venture with an affiliate of Rockwood Capital.  The sellers were represented by Kevin Green and Greg Harris from the Harris Group at Institutional Property Advisors.

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