MIG Real Estate plans $600 million in investments in 2012

MIG Real Estate, the Newport Beach, Calif.-based real estate investment company, has announced its intention to invest up to $600 million in property acquisitions in 2012. MIG has acquired more than $400 million of real estate properties since April 2009, with approximately $200 million closing in 2011. MIG will continue to be active in several of its primary markets in California, Arizona, Colorado, and Hawaii, with expansion into Seattle, Portland and Salt Lake City. MIGs current portfolio skews 20 percent toward hotels. Its recent hotel acquisitions include the Point Inn & Suites Hotel, a 90-room hotel in Jackson, Wyo., being converted into a Hampton Inns & Suites, and a 177-room Courtyard by Marriott in Alberta, Canada.

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