MG Properties Expands Into Texas Market with Acquisition of Ovation at Galatyn Park in Richardson

SAN DIEGO, Sept. 2, 2025 /PRNewswire/ -- MG Properties, a leading private real estate investment firm specializing in multifamily properties, is excited to announce its expansion into the Texas market with the acquisition of Ovation at Galatyn Park, a premier luxury apartment community located in Richardson, Texas, a thriving suburb of Dallas.

This milestone marks MG Properties' first investment in the Lone Star State, underscoring the company's ongoing commitment to strategic growth and market diversification. Ovation at Galatyn Park adds to MG's growing portfolio of high-quality residential communities across the western United States.

"We are proud to enter the Texas market with such a high-caliber asset," said Jeff Gleiberman, President of MG Properties. "The Dallas-Fort Worth region represents one of the most dynamic and resilient rental markets in the country. We're excited to bring our platform to Texas and continue growing our presence in the region."

Ovation at Galatyn Park offers residents a blend of luxury, convenience, and connectivity. With modern interiors, premium amenities, and proximity to major employment centers, retail, and transit, the community stands out as a sought-after living destination in Richardson.

This acquisition continues MG Properties' robust growth trajectory, bringing its total portfolio to over 32,000 units across multiple states.

The sellers, which included Legacy Partners along with an institutional partner, were represented by Daniel Baker, Johnathan Makus, Kevin O'Boyle and Chandler Sims of CBRE. Financing for the transaction was led by CBRE Capital Markets' Andrew Behrens, Jesse Weber, and Stephen Baird.

To learn more visit: https://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 116 communities. For additional information, visit www.mgproperties.com

About Legacy Partners
Legacy Partners (Legacy), a privately held real estate firm founded in 1968 and headquartered in the San Francisco Bay Area, owns, develops, and manages multifamily communities throughout the United States. Since its inception, the company has developed or acquired more than 80,000 apartment homes at more than $8.5 billion in cost. Legacy has regional offices in California, Colorado, Florida, North Carolina, Texas, and Washington, and has developed more than 68,000 apartment homes in Arizona, California, Colorado, Florida, Nevada, Oregon, Texas, and Washington. Since inception, Legacy has worked with some of the world's largest financial institutions, life insurance companies, and real estate companies, consistently delivering exceptional results. Legacy provides management services for its own portfolio, as well as other owners. Combined, Legacy manages a portfolio of more than 50 multifamily communities with almost 12,000 apartment homes, and with a gross value in excess of $3 billion. For further information, please visit www.legacypartners.com

SOURCE MG Properties