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The Mogharebi Group<\/a> (TMG), a vertically integrated real estate services firm specializing in multifamily investment sales and advisory services, announced that it represented JBT Property Management in the sale of Maroa Park Apartments, a 248-unit multifamily community located at 475-585 West Sierra Avenue<\/a> in Fresno, California to a private buyer for $44 million.<\/p>\n Maroa Park Apartments benefits from immediate income upside through operational efficiencies while benefiting from strong in place market fundamentals, relative affordability, and a strategic Central Valley location that continues to support long-term population and employment growth.<\/p>\n TMG\u2019s team of Executive Vice President Otto Ozen<\/a>, Senior Vice President Brian Nakamura<\/a> and Senior Vice President Nazli Santana<\/a> represented the seller.<\/p>\n \u201cAs a first-time-on-the-market property since its construction in 1986, the asset offered a rare opportunity to acquire a well-maintained, large-scale property directly from original ownership,\u201d said Nakamura. \u201cWith its substantial unit count in a supply\u2011constrained market, the property immediately enhances the buyer\u2019s regional presence\u2014supporting stronger operational alignment, improved management efficiency, and meaningful performance gains, all without requiring significant capital investment.\u201d<\/p>\n Santana added, \u201cThis transaction underscores sustained investor confidence in the Central Valley and reaffirms Fresno\u2019s position as a key market for large\u2011scale multifamily investments. The region\u2019s resilient renter demand, strong employment fundamentals, and clear affordability advantage over California\u2019s coastal metros continue to drive meaningful capital interest.\u201d<\/p>\n Maroa Park Apartments is ideally located near State Route 99, providing convenient access to neighboring communities, including Bakersfield and Northern California markets. The community consists of one-bedroom and two-bedroom units with average unit size of 878 square feet.<\/p>\n THE MOGHAREBI GROUP<\/p>\n Founded in 2016 by Alex Mogharebi, The Mogharebi Group (Mogharebi.com) is a vertically integrated real estate services firm specializing in multifamily investment sales and advisory services. The firm is a leader in real estate investment and advisory, specializing in the multifamily property sector throughout the Western U.S. with nationwide reach. To date the team has closed over $10 billion of multifamily, which includes $3 billion of deed restricted affordable housing.<\/p>\n","protected":false},"excerpt":{"rendered":"The Mogharebi Group (TMG), a vertically integrated real estate services firm specializing in multifamily investment sales and advisory…\n","protected":false},"author":2,"featured_media":406804,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[112,114,113],"class_list":["post-406803","post","type-post","status-publish","format-standard","has-post-thumbnail","category-fresno","tag-fresno","tag-fresno-headlines","tag-fresno-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/406803","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=406803"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/406803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/406804"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=406803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=406803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=406803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}