San Diego, CA, January 30, 2026
MG Properties, a San Diego-based real estate investment firm, has successfully acquired the Dylan Point Loma Apartments, a luxury coastal community with 180 units. This investment aligns with their strategy to enhance the housing market in strong West Coast neighborhoods. The acquisition highlights the ongoing demand for housing in San Diego and the importance of local companies in promoting economic growth. Dylan Point Loma is strategically located, providing residents easy access to employment, beaches, dining, and entertainment, while featuring ample amenities.
San Diego, CA – MG Properties Acquires Dylan Point Loma Apartments
San Diego-based real estate investment firm MG Properties has acquired the Dylan Point Loma Apartments, a 180-unit luxury coastal apartment community located in the Point Loma neighborhood of San Diego, CA. The acquisition aligns with MG Properties’ long-term strategy of investing in high-quality apartment communities in strong West Coast markets, underscoring the firm’s commitment to enhancing the local housing landscape.
The acquisition is a reflection of the unwavering determination of local companies to foster development and capitalize on San Diego’s thriving market. With a demonstrated appetite for growth, businesses like MG Properties are vital in addressing housing needs while also paving the way for economic resilience in the region. The transaction is a clear example of how reduced barriers to investment can stimulate significant development, leading to enhanced living options for San Diego residents.
Property Details
Dylan Point Loma occupies a prime location in one of San Diego’s most desirable coastal submarkets, offering residents easy access to major employment centers as well as beaches, dining, and entertainment. The community features oversized floorplans averaging 1,134 square feet and includes garages for each unit, appealing to a demographic that values luxury and convenience.
Company Background
MG Properties is a privately owned, fully integrated real estate company specializing in the investment, redevelopment, and management of multi-family assets. Founded in 1992 by Mark Gleiberman, the company operates on a mission to enrich communities. Headquartered in San Diego, MG Properties’ current portfolio consists of over 32,000 rental homes across California, Washington, Arizona, Nevada, Colorado, Texas, and Oregon, encompassing 115 communities. This strategic focus on multi-family assets positions MG Properties as a key player in the market.
Previous Ownership
Before MG Properties took ownership, Dylan Point Loma was under the management of JLL Income Property Trust, which sold the property on January 28, 2026. The sale corresponds with JLL’s long-term strategy of realizing gains and reallocating funds into sectors that promise higher returns. It is noteworthy that JLL Income Property Trust acquired the property in 2016 for approximately $90 million, highlighting the property’s historical investment trajectory and ongoing demand.
Market Context
The San Diego multifamily market continues to demonstrate strength, characterized by low vacancy rates and a consistent demand for quality housing options. MG Properties’ acquisition of Dylan Point Loma serves as a testament to their confidence in the region’s economic fundamentals. The transaction reflects a broader trend where private investments are helping to shape the local real estate landscape, supporting economic growth and providing residents with enhanced living opportunities.
Key Takeaways
As MG Properties moves forward with the acquisition of Dylan Point Loma, it emphasizes the company’s dedication to sustaining high standards in housing and community development. This deal not only showcases the potential of the San Diego real estate market but also highlights the importance of entrepreneurial initiatives in fostering economic growth.
San Diegans are encouraged to remain engaged in the development of their neighborhoods and consider how such investments impact the quality of life. Supporting local businesses and encouraging responsible investment strategies will shape the San Diego County economy for years to come.
FAQ
Who is 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 115 communities.
What is Dylan Point Loma?
Dylan Point Loma is a 180-unit luxury coastal apartment community located in the Point Loma neighborhood of San Diego, CA. The community features oversized floorplans averaging 1,134 square feet and garages for each unit. It offers residents convenient access to major employment centers, beaches, dining, and entertainment.
Who owned Dylan Point Loma before MG Properties?
Prior to this acquisition, Dylan Point Loma was owned by JLL Income Property Trust, which sold the property on January 28, 2026. The sale aligns with JLL Income Property Trust’s long-term track record of harvesting gains and reinvesting capital into property sectors and markets that are better positioned for higher point forward returns. The property was acquired by JLL Income Property Trust in 2016 for approximately $90 million.
What is the significance of this acquisition for MG Properties?
The acquisition of Dylan Point Loma aligns with MG Properties’ long-term strategy of investing in high-quality apartment communities in strong West Coast markets. It reflects the firm’s confidence in the San Diego multifamily market and its commitment to expanding its presence in the region.
Key Features of Dylan Point Loma Apartments
| Feature | Description |
|---|---|
| Location | Point Loma neighborhood, San Diego, CA |
| Number of Units | 180 luxury coastal apartments |
| Unit Size | Oversized floorplans averaging 1,134 square feet |
| Amenities | Garages for each unit, convenient access to major employment centers, beaches, dining, and entertainment |
| Previous Ownership | Owned by JLL Income Property Trust prior to acquisition by MG Properties |
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