Pinecrest-based MMG Equity Partners is expanding its value-add commercial real estate investment strategy with the purchase of two Miami-Dade County shopping plazas for a combined $12.7 million.

MMG Equity bought Westlake Plaza northeast of Bird Road and 112th Avenue for $5.6 million from Westlake Shopping Center Inc., an affiliate of Boca Raton-based real estate firm Sevell Realty Partners Inc., on Jan. 10.