ATLANTA, GA – ECI Group (ECI), with joint venture partner Phoenix Capital, recently celebrated the grand opening of the $101 million luxury apartment development Averly East Village, in the rapidly growing northern Atlanta city of Roswell near Alpharetta, GA. ECI leaders and team members were joined by Morgan Pierce from economic development organization, Roswell, Inc., to celebrate the opening of the redeveloped centerpiece of the East Roswell community.
ECI Development Vice President, Stephen Stover noted, “The Averly East Village, our first Averly-branded luxury apartment development to deliver, has reinvigorated the East Village center that now features Five Guys, Zama Mexican Cuisine, Panda Express, amongst others. The strong response from residents has validated our choice to build a heavily amenitized community with top-of-market apartment finishes. We also appreciate the cooperation and help from our neighbors, capital partners, and the project team to bring this community to life.”
The opening celebration, held on May 22nd, celebrated the Averly brand colors of teal and charcoal in a ‘Blue Retro’ themed party, complete with a live peacock showing shimmering shades of blues, a branded wall, and a bar featuring vibrant color-themed cocktails.
Averly East Village includes 335 one-, two-, and three-bedroom apartments as part of the larger East Village mixed-use development. The community features resort-quality landscaping, architecture, and interior finishes.

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ANAHEIM, CA – MG Properties, a leading real estate investment and management company, has completed the acquisition of Citron Apartments, a recently completed community with 314 residential units. With this acquisition, MG has added 17 properties to their portfolio over the past twelve months, totaling over $2.1 billion.
Built in 2023, Citron is located near two major California freeways, Disneyland, The Anaheim Convention Center, and The Platinum Triangle, where the Los Angeles Angels and Anaheim Ducks host home games. The four-tale mid-rise construction property features upscale amenities and modern finishes.
“Orange County has been a top performing market through several downturns over the past 20 years. With low new supply and continued rental demand, we are very bullish on the market and the opportunity for growth.”Said Jeff Gleiberman, President of MG Properties.
Financing for the transaction was provided by Freddie Mac and arranged by Kevin Mignogna, Charlie Haggard, Lee Scott, Joey Guarino and Michael Beach with Berkadia.
MG Properties is a privately owned, fully integrated real estate company specializing in the investment, redevelopment, and management of multi-family assets. MG’s current portfolio is comprised of over 32,000 rental homes in California, Washington, Arizona, Nevada, Colorado, and Oregon, across 113 communities.

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TIGARD, OR – Multifamily owner-operator and investment manager Pacific Urban Investors has bought Meadow Creek, now renamed Ansley Murrayhill, a 304-unit apartment community in Tigard, Oregon. The acquisition of Meadow Creek brings Pacific s Portland metro portfolio to 2,610 units across 10 properties.
Meadow Creek is a two-tale, garden style community with 608 parking spaces. Located in the Murrayhill neighborhood of Washington County, the property s location offers small commutes to the largest and highest paying jobs in the MSA, including Nike and Intel, along with immediate access to substantial retail offerings. Built in 1985, the community has been maintained well but received only minimal aesthetic upgrades over time. As such, the opportunity exists to improve the curb appeal, unit interiors, and the expansive amenity set, which includes a clubhouse, fitness center, game room, swimming pool, spa, racquetball court, and dog park.
In addition to the robust amenity set, there is ample green space between buildings, offering a pleasant living experience for residents, said Zach Williams, Vice President of Investments at Pacific. We are excited to add this community to our portfolio given the quality of the building and site, market fundamentals, and prospects for continued growth. The density of this community combined with the proximity to desirable lifestyle amenities and jobs is extremely hard to replicate today.
Pacific is excited to add a third community in the desirable neighborhood of Murrayhill with expensive for-sale housing options, well-regarded schools, and an abundance of retail amenities, said John Fluke, Managing Director of Investments. The property s condition is relatively untouched since its original construction providing a blank canvas to implement specific improvements most valued by residents and prospects while preserving a significant value proposition in rent to more recent deliveries in the area.

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