DENVER, CO – MG Properties Group, a private San Diego-based real estate investor and operator, is further expanding its Denver presence, announced the acquisition of 3300 Tamarac Apartments.
Located in the Hampden neighborhood of Denver, the 564-unit community offers an ideal location within walking distance to a variety of shopping and dining hot spots, as well as several parks and recreation opportunities. Proximity to major freeways and thoroughfares connects residents to the larger Denver metro and beyond. 3300 Tamarac offers a seamless commute to the downtown core, while still having the comforts of a suburban location.
“MG is delighted to add 3300 Tamarac to our portfolio,” said Mark Gleiberman, MG Properties Group’s Founder & CEO,” which further scales our Denver presence. We believe this submarket is ideally positioned to benefit from Denver’s continued growth.”
The seller, Gelt Inc., was represented by David Martin and Brian Mooney of NorthMarq, Financing was led by NorthMarq’s Scott Botsford and Joe Giordani.
3300 Tamarac is the first community bought by MG Properties Group in 2022. MG Properties is continuing to target further acquisitions in Washington, Oregon, California, Arizona, Nevada, Utah, Colorado, and Texas.

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CHICAGO, IL – Providence Real Estate, a multifamily owner-operator, announced the sale of a six-property, 1,463-unit multifamily portfolio (the Gulf Coast Portfolio ) located in Pensacola and Tallahassee in Florida, and Mobile in Alabama.
The Gulf Coast Portfolio was originally bought in a joint venture with a publicly traded corporation that provides private debt and equity to U.S. companies.
The tremendous success of the Gulf Coast Portfolio continues Providence s 37 years of outsized returns resulting from our entire team s focused experience and extensive resources in investing, operating and harvesting U.S. value-add multifamily properties, said Alan Pollack, Providence s Chief Executive Officer.
Kevin Finkel, Providence s Executive Vice President, added, I believe the high internal rate of return and equity multiple of this portfolio sale demonstrates Providence s ongoing ability to uncover tremendous investment opportunities across the spectrum of workforce multifamily housing and in a wide variety of metropolitan areas.
Providence and its affiliates have been an active owner-operator of multifamily residential communities since 1985. Providence consists of an experienced group of professionals dedicated to searching for, identifying, acquiring, renovating, and operating multifamily properties in select U.S. markets.

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HOUSTON, TX – Venterra Realty bought Stoneridge on the 8, formerly Advenir at Stone Park, in Houston, Texas. The 480-unit, three-tale multifamily community was built in two separate phases in 2004 and 2007.
Located along Beltway 8 in Houston, Stoneridge offers brilliant connectivity to its residents, within 1.5 miles of two other major highways, Interstate-10 and Highway 90. The Port of Houston, about 6 miles from the property, is one of the leading employment drivers in the Houston Metro area and serves as the epicenter of the petrochemical industry in the U.S.
The property provides renters with an extensive amenity package, including two resort-inspired swimming pools, an around-the-clock fitness center, a resident game room, detached garages, additional covered parking and bark parks for small and large pets. The community offers modern finishes with black or stainless-steel appliances, oversized closets, garden tubs, double sink vanities, and private patios or balconies perfect for enjoying neighborhood views.
“Houston is one of the quick-growing metropolitan areas in the United States, with its population growing 20.3% from 2010 to 2020 ranking top three nationwide. So Stoneridge on the 8 is naturally a valuable investment to be added to the growing Venterra portfolio in this top-performing market,” said Venterra Realty Chairman, Andrew Stewart.
Venterra will implement its resident-focused programs such as the Live it. Like it. Guarantee, the 48-Hour Maintenance Guarantee, SMARTLEASING, as well as their overall commitment to providing a world-class living experience for which Venterra has become known.
“Houston is our headquarters and the city that housed the first properties Venterra managed over 20 years ago. We have seen first-hand the growth potential for this area of the country and are excited to expand our portfolio in a city we are confident will provide fantastic return on investments,” said John Foresi, CEO of Venterra Realty. “This property in particular offers significant opportunity and will benefit substantially from the completion of a unit upgrade program, the addition of the SMARTHOME technology package, and the deployment of Venterra’s customer-focused management platform.”

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