MG Properties Adds Anaheim Apartments for $144M

MG Properties Adds Anaheim Apartments for $144M
News| June 23, 2025| Paul Bubny
California & West + Apartment Buildings

MG Properties has completed the $144-million acquisition of Citron Apartments, a recently completed community in Anaheim with 314 residential units. With this acquisition, MG has added 17 properties to its portfolio over the past 12 months.

Built in 2023, Citron is located near two major California freeways, Disneyland, The Anaheim Convention Center and The Platinum Triangle, where the Los Angeles Angels and Anaheim Ducks host home games. The four-story mid-rise construction property features upscale amenities and modern finishes.

“Orange County has been a top-performing market through several downturns over the past 20 years,” said Jeff Gleiberman, president of MG Properties. “With low new supply and continued rental demand, we are very bullish on the market and the opportunity for growth.”

Financing for the acquisition was provided by Freddie Mac and arranged by Kevin Mignogna, Charlie Haggard, Lee Scott, Joey Guarino and Michael Beach with Berkadia.

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