TMG Arranges $44.4 Million Sale of Student Housing Community Near California State University, Fullerton

Fullerton, Calif. — The Mogharebi Group (TMG) has arranged the $44.4 million sale of Oxford North Student Apartments, a 100-unit community located near the California State University, Fullerton campus. The property was built in 1972 and features 10 buildings with ground floor parking garages. Communal amenities include a resort-style swimming pool and spa with cabanas; an outdoor entertainment lounge; barbecue grill stations; outdoor televisions; a clubhouse with billiards; and a fitness center with a pilates and yoga studio. Alex Mogharebi, Otto Ozen and Mike Marcu of TMG represented the sellers, a joint venture partnership based in Southern California and the U.K. The buyer was a Southern California-based private investment group.