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MGPG Acquires 340-Unit Thorncroft Farms from Berkshire Group for $97.5M

San Diego Multifamily Investor Bolsters $4B Portfolio with Hillsboro Purchase
By Thea Harvell IV
February 9, 2018 | 8:20 P.M.

MG Properties Group (MGPG), a San Diego-based multifamily owner and operator, expanded its $4 billion-valued multifamily portfolio with the acquisition of the Thorncroft Farms apartments at 2120 NW Thorncroft Dr. in Hillsboro, OR. The Berkshire Group sold the 340-unit multifamily community for $97.5 million, or approximately $288,000 per unit.

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