What MIG Real Estate does

MIG Real Estate is a privately held real estate investment and development firm headquartered in Newport Beach, California, with regional offices in Phoenix, Arizona and Denver, Colorado. The firm acquires, develops, and manages high-quality multifamily, hotel, retail, and industrial/flex properties in the Western U.S. and Sunbelt states, including Opportunity Zones. As of available reporting, MIG owns and operates more than 4.8 million square feet of retail, office, and industrial/flex space, more than 1,000 hotel keys, and over 6,200 multifamily units, representing assets under management of over $3.7 billion.

The firm pursues a long-term, full-ownership value-add strategy, employing progressive, data-driven renovation and repositioning, focused management, and technology-supported leasing and capital programs. Target markets are primary and secondary locations with population growth, constrained housing and industrial supply, and proximity to employment centers, schools, medical facilities, and transit. Investment activity spans direct acquisitions of operating properties or portfolios, redevelopment projects, and ground-up development across multifamily, mixed-use, industrial/flex, and select-service hotel product types.

Leadership is anchored by CEO Greg Merage (25+ years of real estate experience) and a bench of senior executives — CFO Robbie Dodd, CTO John Baker, General Counsel Sherry DuPont, and Chief Portfolio Manager Chris McCormick — supplemented by a Board of Advisors including former senior executives from The Irvine Company, Prologis, Blackstone, and AvalonBay predecessor entities. MIG operates without a disclosed parent company or external institutional capital, retaining full ownership of its real estate assets for long-term appreciation rather than running an open-ended fund platform.

Name

MIG Real Estate

Legal name

MIG Real Estate, LLC

Website

https://migref.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Real Estate Investment and Development

NAICS

Lessors of Other Real Estate Property (53119), Real Estate Property Managers (53131)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate (6500)

akta.pro primary industry

Real Estate Investment Management (Acquisitions & Dispositions) (BPAJAMAK)

akta.pro secondary industries

Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE), Office Real Estate Asset Management (BPAJAMAG)

Keywords

• Real estate investment
• Property development
• Multifamily housing
• Commercial real estate
• Real estate asset management

Headquarters

HQ city

Newport Beach

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales

Distribution channels1 record

Marketing channels1 record

Core offering

MIG Real Estate is a privately held real estate investment and development firm that acquires, develops, and manages multifamily, hotel, retail, and industrial/flex properties in Western U.S. and Sunbelt markets. The firm retains full ownership of assets and implements value-add renovation, repositioning, and focused management strategies to maximize long-term returns.

Product overview

MIG Real Estate is a privately held real estate investment and development firm offering a portfolio of property investment services. The company operates as a unified investment platform providing multifamily, hotel, retail, industrial/flex, and mixed-use investment and development services. These product lines work together under a value-add investment approach, where the firm acquires properties and implements renovation, repositioning, and management strategies to maximize returns through progressive, data-driven approaches. The firm targets markets in the Western U.S. and Sunbelt states, including Opportunity Zones, and focuses on retaining full ownership of assets for long-term value appreciation.

Differentiator

Problem solved

Functional benefit

Products and services

• Multifamily Investment Services

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Holland Partner Group: Fully integrated multifamily and mixed-use real estate investor/developer focused in the Western U.S., directly comparable to MIG's multifamily and mixed-use strategy. MIG's CFO Robbie Dodd previously served as CFO of Holland Partner Group.
• Embrey Partners: Multifamily developer and operator with a portfolio concentrated in Colorado and Arizona, directly overlapping MIG's target Sunbelt markets. MIG's Multifamily Asset Manager Amy Mark was previously Regional Vice President at Embrey, overseeing ~3,500 units.
• Brixton Capital: Multifamily investment and asset management firm focused on Western U.S. markets, directly comparable to MIG's multifamily acquisition and value-add strategy. MIG Multifamily Acquisitions Manager Clark Cannon was previously Lead Multifamily Associate at Brixton Capital.
• KBS Realty Advisors: Commercial real estate investment manager with diversified office, industrial, and retail exposure, comparable to MIG's commercial asset management activities. MIG's Chief Portfolio Manager Chris McCormick held previous positions at KBS.
• Crow Holdings Capital: Diversified real estate investment manager with multifamily, industrial, office, and retail strategies across U.S. growth markets. Closely comparable to MIG's diversified multi-product platform in target geographies; MIG board advisor Max Gardner was previously a Senior Partner at Trammell Crow Residential.

Broad incumbents

• Irvine Company: Diversified, vertically integrated California-based real estate investment company operating multifamily, office, retail, and master-planned communities. Heavily comparable to MIG's California multifamily and commercial focus; multiple MIG board advisors (Dick Sim, Max Gardner) held senior leadership roles at Irvine.
• Prologis: Global industrial REIT leader with significant North American industrial holdings, comparable to MIG's industrial/flex asset class. MIG board advisor Larry Harmsen previously served as COO of the Americas at Prologis.
• AvalonBay Communities: Large publicly traded multifamily REIT with significant Western U.S. and Sunbelt exposure, directly competing with MIG's multifamily strategy at scale. MIG board advisor Max Gardner was previously COO of Bay Apartment Communities (predecessor to AvalonBay).
• Essex Property Trust: West Coast multifamily REIT focused on California and Pacific Northwest markets, directly comparable to MIG's Western U.S. multifamily portfolio and representing a public-market alternative for institutional investors.

Emerging players

• Starcity: Multifamily and co-living operator that has historically acquired multifamily assets in MIG's target markets. MIG Multifamily Acquisitions Manager Raul Alcaraz was previously Director of Acquisitions at Starcity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/migrealestate

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MIG Real Estate