PORTLAND, OR – MG Properties Group, a private San Diego-based real estate investor and operator, is further expanding its Portland presence, announcing the acquisition of Maddox Apartments. The two newly combined and rebranded communities, formerly known as North Harbour Vista and Marine View, offer on-site retail and a coveted location along the Columbia River.
Located in the Bridgeton neighborhood of North Portland, the 210-unit community offers an ideal location within walking distance to the Expo Center Light Rail Station, connecting residents to the larger Portland metro and offering simple access to Vancouver. North Portland offers a seamless commute to the downtown core, while still having the feel of a suburban location.
“We are thrilled to add Maddox to our portfolio of communities,” said Mark Gleiberman, MG Properties Group’s Founder & CEO. “Maddox allows us to further scale our regional portfolio while investing in a submarket that we believe has substantial growth potential.”
The seller, Prima Donna Development, was represented by Mark Palmer, Michael McCleary, and Ryan Thompson at Palmer Capital Inc. The acquisition of Maddox Apartments was financed with a loan from an affiliate of Apollo Global Management arranged by Bryan Frazier, Andrew Schoene, and Blake Hockenbury at Walker & Dunlop.
Maddox is the 20th community bought in the past year by MG Properties Group, totaling over $1.6 billion in combined value. MG Properties is continuing to target further acquisitions in Washington, Oregon, California, Arizona, Nevada, Utah, Colorado, and Texas. 

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FORT WORTH, TX – Civitas Capital Group, a Dallas-based global alternative investment manager offering niche opportunities in U.S. real estate, has bought Rocco Apartments, a 312-unit, garden-style apartment complex in burgeoning East Fort Worth.
“Value-add multifamily acquisition continues to be a winning strategy for Civitas,” says Rootvik Patel, Investments Director for Civitas, who led the transaction along with colleague Chandler Kyser. “Renovating multifamily properties such as Rocco is a win-win for tenants current and future. Civitas works to improve the communities in which we live and work, so the opportunity to update a property in a burgeoning market within our home in North Texas is exciting.”
Located off I-30 near off Eastchase Parkway just east of Fort Worth, Texas, the property, built in 1984, sits just 16 minutes from downtown Fort Worth – and only 26 minutes from downtown Dallas. East Fort Worth has been a direct beneficiary of the rapid economic expansion of the DFW metro area over the past few years. Notable development projects in the area include the GM Motors Arlington Assembly Plant, as well as the $4 billion master plotted Texas Live! Development.
“Rocco Apartments is another excellent example of our multifamily value-add acquisition strategy,” says Jonathan Kern, President and Chief Investment Officer at Civitas. “Many of the investments in multifamily we’ve made the past few years, and which we will continue to make, are indicative of our focus on attainable housing, which is in increasingly small supply. This is especially right in North Texas, one of the fastest-growing regions in the country.”

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LUBBOCK, TX – Officials at The Preiss Company (TPCO), one of the nation s largest, privately-held, student housing owner-operators, and a private equity real estate fund, announced the acquisition of The Collective at Lubbock, an 847-bed student housing complex. TPCO plans to start a multi-million capital improvement project scheduled to start Spring of 2022 and completed in phases over the next three years to minimally impact residents. Acquisition financing was arranged by Ben Roelke and Ian Walker at Newmark. The 70% LTC senior loan featured a 5-year, interest-only term and a sub-2% all-in rate.
While The Collective at Lubbock marks our first asset in the Texas Tech market, it also is our 14th student housing complex in the Lone Star State, said John Preiss, chief investment officer, TPCO. This level of concentration allows for shared economies of scale and best practices, both of which will have an immediate, positive impact on this project. Already in prime physical condition, our additional plotted refurbishment will bring The Collective at Lubbock to ‘like-new status. We look forward to serving the Texas Tech University community.
Formerly known as the Cottages at Lubbock, the 241-unit student housing complex is situated at 2001 9th Street, a small walk from Texas Tech University and a bevy of local shops, restaurants and grocery stores. Amenities range from fire pit and grilling/picnic stations to resort-style pool and two fitness centers. Residents also can delight in a game room, theatre room, computer lounge and study space in the resident clubhouse, as well as a 24/7 Amazon Hub package locker system and TTU shuttle service. Pet-friendly apartments come in 2-, 3-, 4- and 5-bedroom configurations, each offering private bedrooms and baths, in-unit washer/dryer, large walk-in closets and modern finishes. Units contain hard wood flooring in common areas and plush carpeting in the bedrooms. Additional touches include patios or porches and large kitchens featuring stainless steel appliances and granite countertops. Monthly rental fees also include cable, WIFI, trash and sewer services. Both furnished and unfurnished models are available.
The improvement plot will focus largely on common areas with some unit upgrades. The clubhouse and pool both will be refurbished, and the internet system will receive major upgrades. Additionally, exterior paint will be refreshed, and units will receive new furniture and blinds.

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