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California-based real estate investment firm MG Properties has acquired Richardson apartment complex Ovation at Galatyn Park, according to a news release issued by the company.
The details
This is the first investment MG Properties has made in Texas, per the release. The complex offers several floor plans and amenities, including a fitness center and an arcade.
MG Properties has complexes in California, Nevada, Arizona, Washington and more.
Quote of note
"We are proud to enter the Texas market with such a high-caliber asset," MG Properties President Jeff Gleiberman said in the release. "The Dallas-Fort Worth region represents one of the most dynamic and resilient rental markets in the country. We're excited to bring our platform to Texas and continue growing our presence in the region."
