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MG Properties Group acquires 2 Washington properties for $133M

San Diego-based MG Properties Group acquired two class A apartment communities, with a combined 467 units, in Washington state for $132.8 million.

The properties, purchased in two separate deals, include the 344-unit Beaumont Apartments in Woodinville and the 123-unit Newberry Square Apartments in Lynnwood.

The company plans to renovate both properties.