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TMG Brokers $41.2M Sale of Two-Property Monte Vista Gardens Affordable Seniors Housing Portfolio in San Jose

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Monte Vista Gardens Senior 1 and 2, located at 2605 La Hacienda Court (pictured) and 2600 Nuestra Castillo Court in San Jose, Calif., offers a total of 118 affordable apartments for senior residents.

SAN JOSE, CALIF. — The Mogharebi Group (TMG) has arranged the sale of a two-property affordable seniors housing portfolio in San Jose. ROEM Development sold the assets to an undisclosed buyer for $41.2 million.

Built in 2001 and 2003 by the seller, Monte Vista Gardens Senior 1 and 2 offer a total of 118 units across two residential buildings. Located at 2605 La Hacienda Court and 2600 Nuestra Castillo Court, the two- and three-story, controlled-access complexes include a community center with library and kitchen, a garden/courtyard area, solar panels and laundry rooms.

Alex Mogharebi and Otto Ozen of TMG represented the seller in the transaction.

Content Partners
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‣ Lument
‣ NAI Global
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‣ Pavlov Media
‣ Walker & Dunlop

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