SAN DIEGO, Sept. 18, 2025 /PRNewswire/ -- MG Properties, a leading real estate investment and management company, is proud to announce the $64 million acquisition of The Pearl at St. Rose, a premier garden-style property located within the desirable Silverado Ranch master-planned community in Las Vegas, Nevada. The closing marks MG Properties' ninth multifamily acquisition over the past twelve months, comprising 3,250 units and totaling over $1 billion.

The Pearl at St. Rose is a 270-unit apartment community situated along the St. Rose Corridor in South Las Vegas, offering residents easy access to a wide variety of local retail and amenities, as well as convenient transit to employment centers throughout the Las Vegas Valley. Built in 2000, the property features spacious floor plans, modern interior finishes, and a range of lifestyle amenities including a pool and spa, fitness center, dog park, and resident clubhouse.

"We are excited to expand our presence in Las Vegas and further leverage the efficiency of our regional operations there," said Jeff Gleiberman, President of MG Properties. "Given continued economic expansion and diversification coupled with limited future supply, we are very bullish on the long-term fundamentals and growth potential of the market."

The seller, an affiliate of The CONAM Group, was represented by Charles Steele, John Cunningham, and Jared Glover of Berkadia. Financing for the transaction was provided by Freddie Mac and arranged by Kevin Mignogna, Charlie Haggard, Lee Scott, Joey Guarino, and Michael Beach of Berkadia.

To learn more, visit: mgproperties.com

ABOUT MG PROPERTIES
MG Properties is a privately owned, fully integrated real estate company specializing in the investment, redevelopment, and management of multi-family assets. Headquartered in San Diego, California, MG Properties was founded in 1992 by Mark Gleiberman with the mission to enrich communities. MG's current portfolio is comprised of over 32,000 rental homes in California, Washington, Arizona, Nevada, Colorado, Texas, and Oregon, across 111 communities. For additional information, visit www.mgproperties.com

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SOURCE MG Properties