MG Properties Group Purchases 340-Unit Apartment Community in Oregon for $97.5M

HILLSBORO, ORE. — MG Properties Group has purchased the 340-unit Thorncroft Farms Apartments in Hillsboro for $97.5 million. The community is located at 2120 N.W. Thorncroft Drive.

Thorncroft Farms was built in 1998. It is situated within three miles of the Intel headquarters campus and within four miles of Nike’s headquarters.

HFF’s Ira Virden and Carrie Kahn represented the seller, Berkshire Group. CBRE’s Brian Eisendrath and Cameron Chalfant arranged financing.