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Joint venture buys San Diego-area 55-plus complexes

MG Properties sells 551 units in Escondido to group led by Eagle Properties
The Hendrix Apartments is one of the two senior housing properties that just sold in North San Diego County. (CoStar)
The Hendrix Apartments is one of the two senior housing properties that just sold in North San Diego County. (CoStar)
By Aaron Tamblyn with
CoStar Research
March 16, 2026 | 3:39 P.M.

MG Properties has sold a pair of age‑restricted multifamily complexes in Escondido, California, totaling 551 units to a joint venture led by Eagle Partners and Affordable Housing Access Inc. for $162.5 million, or $294,918 per unit.

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