San Diego, CA – [July 15, 2026] – MG Properties has acquired Tupelo Alley, a 188-unit mixed use apartment community in Portland, Oregon, further strengthening the company's investment portfolio in the Pacific Northwest.
Located in one of Portland's most established northern residential neighborhoods, Tupelo Alley offers residents convenient access to major employment centers, neighborhood retail, dining, parks, and regional transportation.
"Tupelo Alley is an excellent long-term addition to our growing Pacific Northwest portfolio," said Jeff Gleiberman, at MG Properties. "We continue to see compelling opportunities in Portland, a market with the potential for economic growth and demand for quality housing.”
The community features thoughtfully designed apartment homes and a set of well-designed amenities for residents to enjoy. Restaurants and other retail are all easily walkable for residents along the Mississippi Avenue retail corridor.
With this acquisition, MG Properties continues to execute its disciplined investment strategy of acquiring multifamily communities in markets with favorable demographic trends, resilient employment bases, and strong long-term housing fundamentals.
The sellers were represented by Ira Virden, Carrie Kahn, and Owen Wise of JLL. Financing for the transaction was provided by Freddie Mac and arranged by JLL Capital Markets’ Charles Halladay, Rick Salinas, Annie Rice, Brandon Smith, and Charlie Watson.
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 115 communities. For additional information, visit www.mgproperties.com
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.
