Real estate services firm The Mogharebi Group (TMG) is looking to capitalize on the multifamily momentum that's taking place in California. The firm, which specializes in multifamily investment sales and advisory services, has formed an exclusive partnership with Grandbridge Real Estate Capital LLC, a subsidiary of Truist Bank.
Otto Ozen, executive vice president at Mogharebi Group, said the move coincides with the momentum he's seeing ride out in the Golden State's multifamily market throughout the year.
"This is a clear shift from the more cautious tone that defined the prior stretch," Ozen told GlobeSt.com.
"Deal activity is moving at a noticeably faster pace, and the conversations we are having with buyers reflect renewed conviction rather than hesitation."
Throughout the recent cycle, he said this market has demonstrated remarkable resilience, holding its footing while many others softened.
"That durability is exactly what continues to draw capital to California, because investors recognize how robust and dependable the fundamentals here have proven to be," Ozen said.
"As confidence returns, that combination of momentum and underlying strength is setting the stage for a healthy stretch ahead."
Grandbridge Real Estate Capital sources permanent commercial and multifamily real estate loans; services loan portfolios and provides asset and portfolio management through its broad investor base that includes insurance companies, CMBS investors, pension fund advisors, commercial banks and capital markets investors.
Also, the banking firm is a lender in Freddie Mac Optigo® Conventional Multifamily, senior housing, targeted affordable housing, Fannie Mae DUS®, FHA MAP and LEAN healthcare.
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