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MG Properties acquires apartment complex in Portland, Oregon, for $57.2 million

Three-building property includes 10,000 square feet of ground-floor retail space
Tupelo Alley, an apartment complex at 3850 N. Mississippi Ave. in Portland, sold for $57.2 million. (CoStar)
Tupelo Alley, an apartment complex at 3850 N. Mississippi Ave. in Portland, sold for $57.2 million. (CoStar)
By Aaron Tamblyn with
CoStar Research
August 7, 2026 | 3:53 P.M.

MG Properties has acquired Tupelo Alley, a 188-unit, mixed-use apartment complex in Portland, Oregon, from Holland Partner Group for $57.2 million, or $304,255 per unit.

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