Real Talk: Real Estate Discussions with Andrew Kirsh
Creating a Syndication Machine with Jeff Gleiberman, President of MG Properties
Aug 7, 2024
In a captivating discussion with Jeff Gleiberman, President of MG Properties, listeners explore how his company became a top player in multifamily real estate. He reveals staggering syndication raises averaging $80-$100 million and explains why it’s not the right time to sell. Jeff shares insights on the types of properties they’re currently targeting and the importance of maintaining long-term investor relationships. The conversation also touches on the evolution of MG Properties from a family business to a corporate powerhouse.
30:00
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Quick takeaways
- MG Properties has developed a highly successful syndication strategy, consistently raising $80 million to $100 million per equity deal through robust investor relationships.
- Despite market challenges, MG Properties remains focused on long-term property holdings, thriving by maintaining a disciplined and resilient operational approach.
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Overview of MG Properties
MG Properties is a significant player in the multifamily real estate sector, boasting over 32,000 units and more than 100 properties across six western states. Founded by Mark Lieberman in 1992, the company places strong emphasis on disciplined operations, including in-house property, asset, and construction management. With a steady workforce of 940 employees, they prioritize long-term holdings, typically maintaining properties for seven to ten years with a focus on downside protection. This stable approach has allowed MG Properties to thrive even through past economic downturns, underscoring their resilience in a competitive industry.
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