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**Canyon Partners, MG Properties Acquire Shift Apartments in San Diego’s East Village**
Canyon Partners Real Estate LLC and MG Properties have announced the acquisition of Shift Apartments, a high-rise multifamily property located in the East Village neighborhood of Downtown San Diego. Details regarding the seller and the transaction price were not disclosed.
The 21-story Shift Apartments building features 368 residential units, approximately 18,840 square feet of ground-floor retail space, and a 501-space structured parking garage. Developed in 2018 by Lennar’s multifamily division, the property offers a range of amenities including a fitness center, dog park, electric vehicle charging stations, and a co-working space equipped with WiFi and private offices.
“East Village is undergoing a meaningful transformation, supported by strong demographic trends, infrastructure investment, and proximity to San Diego’s major employment centers,” said MG Properties President Jeff Gleiberman. “We are pleased to be expanding our apartment portfolio in San Diego and partnering with Canyon on this transaction, as this asset presents a unique opportunity to apply our operational expertise.”
The acquisition strengthens MG Properties’ presence in the San Diego multifamily market and reflects continued investor interest in high-quality urban residential assets.
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