December 6, 2017
San Diego-based MG Properties Group acquired Lakeview at Superstition Springs Apartments in Mesa, AZ for $101 million. The 676-unit apartment community was built in two phases between 1995 and 1998, within the Superstition Springs Master plan.
Lakeview is situated on more than 38 acres featuring five lakes and walking paths throughout. The property offers one, two, and three-bedroom units, including townhomes. Resort-style amenities include four swimming pools and spas, a fitness center, two resident clubhouses and lakeside ramadas with barbeques.
The sellers were represented by Tyler Anderson, Sean Cunningham, Asher Gunther and Matt Pesch of CBRE. The acquisition was financed with a $70.7 million Fannie Mae Loan arranged by Rocco Mandala of CBRE.
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Tags: Apartments & Multifamily