**MG Properties Acquires Anaheim’s Citron Apartments for $144 Million**
MG Properties has finalized the $144 million purchase of Citron Apartments, a newly developed residential community in Anaheim. The upscale property, completed in 2023, includes 314 units and marks MG Properties’ 17th acquisition in the past 12 months.
Strategically located near two major California freeways, Citron Apartments offers residents convenient access to Disneyland, the Anaheim Convention Center, and The Platinum Triangle—home to the Los Angeles Angels and Anaheim Ducks. The four-story, mid-rise complex features contemporary finishes and premium amenities catering to upscale renters.
“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 of Berkadia.
