Costa Mesa, CA – (October 2, 2023) The Mogharebi Group (TMG) has arranged the $17.9 million sale of Rosemont Terrace, a 100-unit garden-style multifamily community in Sacramento, CA. Mogharebi Executive Vice President Otto Ozen represented the seller, a Southern California-based private investment group.


Built in 1970, Rosemont Terrace is located at 3690 S Port Dr. The mix of one-, two-and three- bedroom apartment homes is housed in 15, two-story residential buildings on a nearly five-acre site. Community amenities include a swimming pool, laundry facilities, an outdoor picnic area, and carport parking. The property benefits from several demand drivers, including the highly-rated Sacramento Unified School District. Rosemont Terrace is within walking distance to the elementary, middle, and high schools in the neighborhood. Residents are also within a 30- minute commute to nearly 800,000 jobs.


“Rosemont Terrace is a fundamentally sound property which had its share of challenges resulting from the Covid pandemic,” said Ozen. “With those issues behind us, we were able generate numerous oers from a wide variety of investors.”


The winning bid was largely based on the buyer’s knowledge and experience with the intricacies of the Sacramento market, according to Ozen. The buyer plans to improve occupancy by bringing in professional management to improve operations.



Multifamily investment advisory firm The Mogharebi Group continues to expand its footprint throughout the West Coast, opening an office in Portland, OR under the direction of James L. Giblin, who joins the firm as Senior Vice President. 

Since its founding in 2016 by 30-year-multifamily industry veteran Alex Mogharebi, The Mogharebi Group has grown from its Southern California roots to become one of the leading multifamily advisory firms in the Western United States with offices in Southern California, Central California, Las Vegas, Albuquerque, Salt Lake City, Seattle and now Portland.  In its brief seven-year history, the firm has closed in excess of $1 billion in transactions representing more than 100,000 apartment units. 

The new office gives the firm a local presence to better support its client’s increasing investment activities in the Pacific Northwest, according to Mogharebi.   

“Real estate is a local business and as we expand our investment platform throughout the West, it was a logical and inevitable step to have boots on the ground in Portland, which has caught the eye of many of our investor clients because of its relative affordability compared to other West Coast markets,” said Mogharebi.  “Not only will we be able to better identify investment opportunities in key multifamily markets throughout Oregon and Idaho, the new office allows us to build relationships here and develop new ones.”  Giblin also will work closely with Robert Parmar and Ryan Kidwell, who lead Mogharebi’s office in Seattle, which opened in August 2021.   

“The Mogharebi Group expansion in the Pacific Northwest will yield enormous benefits for our clients seeking opportunities through both our investment platform and collaborative network of professionals,” said Giblin. 

Giblin, who has spent the majority of his nearly 40-year career in the Portland multifamily markets, was formerly president and principal broker for The Giblin Company, a real estate investment firm he founded in 2013.  Previously, he was a broker with Marcus & Millichap.  Over the course of his career, Giblin has closed  nearly $1 billion in transactions with assets located in Oregon, Washington, California, Utah, Arizona, New Mexico, and Texas. Giblin graduated from Brigham Young University with a BS in Finance and Marketing. 

The new office is located at 1050 W. 6th Avenue in Downtown Portland. 

Robin Kane and Brendan Kane who head The Mogharebi Group’s  (“TMG”) Fresno office have advised the local seller on a  $7.8 million sale of the 62-unit Willow Court Senior Living Community in Fresno, CA.  The property was acquired in an all-cash transaction by a Bay Area-based family office. 


Built in 1994, Willow Court is located at 1733 S Willow Avenue on the south side of Fresno, across the street from Fresno Pacific University and less than a five-minute drive from Eastgate Shopping Center and a Walmart Supercenter.  The fully occupied single-story independent senior housing community offers a unit mix of one- and two-bedroom floorplans averaging 760 square feet. The 3.74-acre gated community features a clubhouse with kitchen and fireplace, outdoor picnic area with barbecues, on-site laundry, and manicured open spaces.  Willow Court was 100 percent occupied at closing. 


“We attracted bidders who recognized the property’s strengths and advised the seller to accept an appealing offer from an experienced senior housing investor,” said Robin Kane.    


In April, the Kane team represented the seller in the sale of the 49-unit Birch Commons.  The $14.75 million transaction was one of the highest prices per door ever paid for a multifamily property in Fresno. 


News From The Mogharebi Group 

For Immediate Release 

The Mogharebi Group Completes $31.25 Million Sale of 138-Unit Apartment Community in Whittier, CA 

Costa Mesa, CA (September 5, 2023) – The Mogharebi Group (TMG) has arranged the $31.25 million sale of Citrus Court, 138-unit apartment community in Whittier, CA. 

The garden style community located at 8121 Broadway Avenue is encumbered by a 99-year ground lease with 41-years remaining, which adds to the already challenging conditions investors are facing when buying real estate in the Los Angeles area, according to TMG Executive Vice President Otto Ozen who advised the seller on the transaction. 

“Less than 3% of all Southern California real estate transactions are subject to ground leases and we have done well more than our share,” said Ozen.  “A ground lease is like a melting ice cube. You start with the maximum term and from that point on, each year is less desirable as financing becomes more difficult.  However, given our experience, we were  able to overcome the hurdles, generate multiple offers and close within 90 days of entering into the purchase and sale agreement.” 

Citrus Court is located in Whittier, which has grown into one of the more affluent and dynamic residential areas in Southern California.   Considered a Los Angeles County gateway city, it is 12 miles southeast of The City of Los Angeles where a challenging political and regulatory environment has had a chilling effect on multifamily investment.  In addition to restrictive eviction policies, the city’s recently passed Measure ULA taxes sellers 4-5% on sales over $5 million.  Since April 1, 2023 when the law went into effect, there have been only 10 multifamily sales over $5 million, compared to 77 sales that were recorded in the same time period the previous year. 

Those investors who have been driven away from doing business in Los Angeles are also drawn to Whittier and other second ring cities for their numerous demand drivers  including relative affordability, excellent schools, and access to employment hubs throughout  Los Angeles, the San Gabriel Valley and Orange County. 

Built in 1967, Citrus Court offers a mix of spacious studio, one-, two, and three-bedroom floorplans with an average size of 843 square feet.  The seller recently completed renovations in 120 units, updating kitchens & bathrooms and installing new hardwood floors. Community amenities include on-site laundry, two swimming pools, wi-fi lounge, BBQ area, and controlled access gates. 

About The Mogharebi Group 
The Mogharebi Group ( is a real estate investment and advisory firm specializing in the multifamily property sector throughout the Western United States. Backed by unparalleled local market knowledge, an extensive global network of top real estate investors, state-of-the-art technology, and direct access to capital with more than $950 million in revolving inventory, The Mogharebi Group is the best choice to meet the needs of major private investors and investment funds. 

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The Mogharebi Group (TMG) has advised a Colorado-based private investment group on its sale of Fireside Village, a 180-unit multifamily community in Omaha, NE to ARTISAN Capital Group.


The multifamily transaction, one of the largest by unit count to close in metropolitan Omaha this year, according to CoStar data, represents the seller’s exit and the buyer’s entry into the Nebraska market, according to Mogharebi Vice President Scott Koethe. 


“Omaha benefits from wonderful fundamentals – great schools, strong local economy and safe neighborhoods, which has resulted in a buyer pool that is large and growing,” said Koethe, an Omaha native.   “Wanting to divest itself of its multifamily holdings to concentrate on medical office, our client engaged us to leverage our significant relationships with these buyers to sell the property.   As a result, we were able to generate 18 offers and ultimately went with the most qualified buyer in ARTISAN Capital Group.”  


Fireside Village is the first acquisition in Nebraska for Chicago & Des Moines-based ARTISAN Capital Group, whose portfolio includes more than 6,500 multifamily and student housing units throughout the Midwest and Nevada.  In partnership with Guardian Capital, the transaction, which needed to close before the July 4th holiday, was the upleg of a 1031 Exchange that included the assumption of an attractive sub-5% Agency loan with five years remaining on the term, according to Koethe.


“This was a very complex transaction with a lot of moving parts and a very tight deadline,” Koethe said.  “Our proprietary 1031 Exchange platform combined with our experience with the complicated loan assumption process, allowed us to close on time and help both parties meet their business objectives.”  



 “ARTISAN is thrilled to enter the Omaha market with the acquisition of Fireside Village, soon to be rebranded as Wildewood Commons.  We have been blown away by the warm reception from the City of Ralston and look forward to contributing to the local community in a positive manner,” added Ryan R. Cahalan, “The ARTISAN Team is eager to get to work on making renovations to the property and we look forward to growing a portfolio of apartment communities throughout the Omaha metro.”  


Located at 8214 Wilson Dr., in Ralston, a popular suburb less than a 15-minute drive from Downtown Omaha, Fireside Village offers a diverse mix of floor plans ranging from studio to two-bedroom apartment homes housed in 11 residential buildings on a 5.5-acre site.   Community amenities include a sauna, fitness center, playground, dog park, business center, detached garages, & laundry facilities.    The property was 75% occupied at closing. 


Built in 1972, only one-third of the units have been renovated providing the buyer with a tremendous value add opportunity, according to Koethe.  




The Mogharebi Group (TMG) has arranged the $25.2 million sale of Trails at 2112 Apartments, a turnkey 97-unit multifamily community in the Central Valley city of Modesto, CA. Executive Vice President Otto Ozen and Senior Vice President Brian Nakamura represented the seller, Berkeley-based Valiance Capital  in the transaction.

Located at 2112 Floyd Ave., the property comprises a desirable mix of studio, one-bedroom, and two-bedroom units ranging in size from 550 to 950 square feet. After acquiring the 1985-built property through TMG three years ago, Valiance invested nearly $2.9 million in capital expenditures to transform the property into a market-defining luxury asset. All units were fully renovated with contemporary features such as in-unit washers and dryers, quartz countertops, stainless steel appliances, white cabinetry, and dual-pane windows. Common area improvements included resort-style pool upgrades, fitness center renovations, a new dog park and wash station, HVAC replacements, exterior enhancements, and more.

“Despite rising interest rates, high inflation, and other economic uncertainties, we generated significant interest in the property and procured nine qualified offers,” said Ozen. “We sourced a strong exchange buyer and ultimately closed at just under $260,000 per door, setting a high price for a deal of this size and underscoring our position in the market.” said Ozen.


The transaction set a new high watermark for apartment assets of this size and vintage in Modesto, according to CoStar data. As a leader in multifamily investment advisory since its founding in 2015, TMG has closed on more than 2,600 apartment units in Modesto specifically and over 10,000 units in the Central Valley region, with a total value exceeding $1 billion.


“Through our firm’s presence in Modesto—where we maintain the largest market share—and ability to tap into 1031 Exchange buyers, we were able to drive considerable value for the property and help our client achieve their business plan with a nonrefundable deposit at the open of escrow,” added Nakamura. 


The buyer, a private family office that is an active owner on the West Coast, recognized the opportunity to achieve economies of scale and leveraged the acquisition by assuming an attractive fixed-rate agency loan with five years of interest only and a 10-year term.


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