MG2 Group

As a vertically integrated real estate investment and development firm, MG2 specializes in identifying middle-market commercial real estate opportunities in urban areas across New England. Based in Boston, Massachusetts, MG2 invests in properties requiring creativity and tenacity to reposition them into higher income-producing holdings. Built on hard work, commitment and strong relationships, MG2 thrives on the ability to envision opportunity in areas traditionally ignored by most investors and real estate companies. Over the past decade the firm has assembled over 5 acres of land in downtown Worcester within a master planned development area. Today the dozens of properties in this portfolio comprise almost 475 residential units and 45,000 square feet of retail space with the potential to develop up to 350,000 additional square feet. The existing assets consist of high and low-rise buildings that have either been renovated or significantly redeveloped over time with significant investment in upgraded infrastructure and mechanicals as well as cosmetics. Among the portfolio are Bancroft Commons, a historic hotel purchased in 2004 and renovated in 2006, and the Portland Street Lofts, which were built by the firm in 2011. As Worcester has continued to grow and attract universities to the area, the firm is well positioned to capitalize on student housing and parking constraints, while it looks ahead to transforming this area. MG2 is in the process of master planning its parcels and repositioning the portfolio to take advantage of the new student inflow.