MG Properties Completes $184.6 Million Acquisition of 379-Unit Luxury Apartment Community in San Diego Submarket

SAN DIEGO, CA – MG Properties, a private San Diego-based real estate investor, owner, and operator bought the multifamily community Domain San Diego in a joint venture with Rockwood Capital.
Domain San Diego is a 379-unit community that offers renovated studio, 1 & 2 bedroom apartments, competitive community amenities, and simple access to the 163 and 52 freeways. Characterized by strong demographics, highly ranked schools, accessibility to jobs, and relatively affordable rents, Kearny Mesa is a desirable San Diego submarket that has been severely underserved in terms of multifamily housing.
“Kearny Mesa is expected to experience significant growth in the near future as a pedestrian friendly market,” said MG Properties President Jeff Gleiberman. “Adding Domain to our portfolio is a value-add opportunity to renovate remaining classic units and add strategic enhancements to further elevate the community.”
The seller of this multifamily community was Magnolia Capital, represented by Joseph Smolen, Geoff Boler, Mark Peterson, Jonathan Merhaut, and Eugene Chong of Eastdil Secured.

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ECI Group Announces Disposition of 204-Unit The Columns at Timothy Woods Apartment Community Located in Athens, Georgia

ATLANTA, GA – ECI Group (ECI) announced the sale of The Columns at Timothy Woods apartments at 2035 Timothy Road in Athens, GA to Fogelman Properties. The 204-unit, 1996-vintage community was bought by ECI in April 2019. ECI upgraded the unit interiors and improved and modernized the community’s amenities during its ownership period. The sales price was not told.
“We are very proud of our business plot execution at The Columns of Timothy Woods,” said Jimmy Baugnon, Chief Investment Officer at ECI Group. “Through our renovation program and management repositioning, we made value for our residents, the Athens community, and the ownership group. We have known the buyer (Fogelman) for many years. We have fantastic respect for them, and we know they will continue to operate the property in a first-class manner and ensure it remains an asset to the Athens community.”
The Columns at Timothy Woods is ideally located near Athens’ robust retail district, offering residents more than 5.3 million square feet of retail amenities nearby. One-, two- and three-bedroom units offer family-friendly residences, and, with the renovations conducted by ECI, luxury touches including granite countertops, stainless steel appliances, and vinyl-plank style flooring. Recent amenity additions include a dog park, enhancements to the fitness center, and new tennis and pickleball courts. The community boasts an exceptional school district and is proximate to the University of Georgia, the I-85 Industrial Corridor, and other major job centers.

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Landmark Properties and Manulife Investment Management Partnership to Develop 890-Bed Student Housing Community in Connecticut

STORRS, CT – Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, has formed a new build-to-core joint venture with Manulife Investment Management. The partnership will focus on developing and operating residential properties in targeted markets throughout the United States and has pre-identified several potential development opportunities, with the first being The Standard at Four Corners, an 890-bed project at the University of Connecticut located in Storrs.
“Landmark is excited to partner with Manulife Investment Management on the development of The Standard at Four Corners,” said Landmark President and CEO, Wes Rogers. “This represents the first investment in our new build-to-core venture with Manulife Investment Management. Landmark continues to attract institutional capital to the student housing space due to our track record of success, vertical integration, and out-performance during challenging economic times.”
Located at 1717 Storrs Road, The Standard at Four Corners will be ready for occupancy in August 2025 and offers several distinct floorplans ranging from studios to three-bedroom. The design of these units, amenities featured, and the privacy the layouts offer are unique to Storrs and will attract attention from potential residents when weighing options among comparable properties. The property’s pedestrian access will make way to both the campus core and downtown Storrs for residents.
“Manulife Investment Management is proud to partner with Landmark Properties, who we view to be best-in-class in the student housing sector, leveraging their experience across the United States to jointly develop a premier portfolio of assets,” said Edward Dunn, managing director, Infrastructure Investments at Manulife Investment Management. “We believe the student housing sector represents a compelling investment opportunity underpinned by attractive supply/demand dynamics and strong historical performance.”
Each apartment at The Standard at Four Corners provides a gourmet-style kitchen with ample cabinet space, quartz countertops and stainless-steel appliances. Every residence is fully furnished, offers hardwood-style flooring, and includes technology related amenities in the common area, high-speed internet and cable.
Additionally, residents can access 24-hour study lounges, fitness center and computer lab. The resort-style amenity spaces add extra opportunities for recreation and socialization with a gaming lounge, heated pool, hot tub, and fire pits. For residents with vehicles, a deck offers parking for an additional fee.
The development also features 14,500-square-feet of ground-floor retail space. Landmark Construction will serve as general contractor for the duration of the project.
According to CollegeSimply, the University of Connecticut is ranked as the best public university in the New England region.
With over $10 billion assets under management, Landmark’s portfolio includes nearly 100 residential communities across the country with approximately 60,000 beds. Landmark currently has 21 student, BTR, and multifamily projects under construction with an estimated value at $3.7 billion, and a significant and growing development pipeline.

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