California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


California  + Orange County  + Apartments  | 
TMG Arranges $31M Sale of Bakersfield Multifamily Community

TMG Arranges $31M Sale of Bakersfield MultiFam Community

Costa Mesa-based The Mogharebi Group (TMG) has arranged the sale of Tyner Ranch Apartments, a 168-unit multifamily community in Bakersfield, CA. A private investment group purchased the fully-occupied asset from Hardt Investments for $31 million.

“The Central Valley is adding significant economic momentum from the energy, healthcare, government and other sectors to its traditional agricultural base, but its not adding enough housing to keep up,” said TMG’s Mark Bonas who represented the seller in the deal. “As a result, the supply and demand dynamics from the strong economy and steady population growth have produced favorable multifamily investment conditions.”

Tyner Ranch Apartments feature two- and three-bedroom floorplans ranging from 800 to 1,200 square feet. The single-family style units include fully equipped kitchens, attached garages and private backyards. The community also features a green belt between buildings with picnic areas and grilling stations.


Inside The Story

The Mogharebi Group

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

Step 1: Select Education
  • ◦Sale/Acquisition
New call-to-action