News & Views

News & Views

"As you know we had these properties listed with other competing firms and they failed to sell. When we initially met, we were concerned about the marketing, pricing, and your ability to close these deals, considering our recent experience with other firms. You informed us that the ideal buyer for our three properties would be buyers "below the radar," particularly private investors that are in exchange.

True to your word, you aggressively marketed the properties generating multiple offers from qualified buyers and closed all three deals. You not only guided us through the various offers, but you also were able to get all three buyers to close on time."
– Eddie Lorin & Andy Park, Strategic Realty Capital
"After having completed several transactions with you, I wanted to take a moment to thank you and your staff for the outstanding job you did in the marketing and closing of our two properties totaling 511 units. Not only did you present me with multiple offers throughout the listing period, the type of buyer and the price we closed was exactly as you had discussed with us."
– Srinivas Yalamanchili, Positive Investments, Inc.
“You were able to generate multiple offers during your marketing and were able to successfully close at 100 percent of our target pricing. You have certainly demonstrated your knowledge of the market and that you could make this deal happen”
– Bruce Goren and Todd Okum, Picoa Inc.
“I would like to take this opportunity to thank you for the tremendous job that you and your staff did. Not only did you present me with multiple offers throughout the term of our listing agreement, the price we closed at was over 100 percent of the list price and beyond my expectations. In addition, I was very impressed with your knowledgeable staff. I have working with you and I am, again, very pleased with your services.”
– William Simon Jr.
“After interviewing other candidates for the disposition of this asset, the final sales price you achieved for this property was more than any other candidates proposed listing the property for. You have clearly demonstrated your in-depth knowledge of complex tax-credit properties and that you deliver at the number you propose. I commend the extraordinary effort you and your team put into getting this deal to the closing table and have had great experience working with you all.”
– Philip Wood, Integra Housing
“I wanted to take a moment to thank you for the effort you each put into successfully marketing and closing this deal. The property presented unique marketing challenges due to the ground lease. We had previously listed the property with a different firm and were not able to get it sold. Not only were you able to successfully close the sale, but you were also able to close at a substantially higher price than the previous offers. You have certainly demonstrated that you could make a deal happen. We are certainly happy with a job well done and would be happy to recommend you to others.”
– Steve Yari, Stockdale Capital Partners
“I would like to express my appreciation for your services, regarding my purchase of the Rosewood Apartments in Ontario. We have worked together on numerous transactions and I am always impressed with the level of service that you and your staff provide.”
– Robert Korda, Korda Construction Co.
"On behalf of the sellers, we would add my congratulations and appreciation to all involved in this transaction - great job by everyone to get it closed. The combination of a strong and knowledgeable buyer, who brought along some very good capital partners (a special thank you to Berkadia for jumping in and getting this done), along with all the FirstAm folks and the WF defeasance team all combined to get the deal done. And special thanks to all the legal teams for working so well together, and last but not least, to Alex, Otto, and Carolyn at The Mogharebi Group."
-John J. Heller, Granite Investment Group
"I would like to take this opportunity to thank you for your skill and energy in the marketing and sale of our Porterville property. You had suggested that we remain patient throughout the marketing process considering that the property was in a tertiary market. Not only were you able to generate a very competitive offer from a credible buyer, within 30 days, you were able to coordinate a smooth process and close the deal with no negotiations all within 90 days of listing the property. In addition, I was very impressed with your knowledgeable staff. It is reassuring to know that you have professionals on your team that provide assistance with all aspects of the transaction, from marketing to the coordination of the escrow. We are extremely happy with a job well done and would strongly recommend your services to sellers and buyers alike."
-Jeffrey Strole, Aspen Square Management, Inc.
"I wanted to take a moment to thank you all for the effort you each put in to successfully marketing and closing this deal. The property presented a unique marketing challenge due to the ground lease. We had previously listed the property with a different firm and were not able to get it sold. Not only were you able to successfully close the sale, but you were also able to close at a substantially higher price than the previous offers. You have certainly demonstrated that you could make a deal happen. We are certainly happy with a job well done and would be happy to recommend you to others."
– Steven Yari, Stockdale Capital Partners
"I want to extend my sincere gratitude and appreciation for the outstanding job you did in marketing our 140-unit apartment building in Bermuda Dunes. You have delivered as promised and helped us achieve an above market premium sales price. You had emphasized the importance of targeting the right type of buyer to maximize value. Not only were you able to generate multiple offers but you were able to ensure a smooth and timely close of escrow."
– Bijan Shahmoradi, Bermuda Dunes, LLC
"I want to thank you for the great service you have given to ROEM. I talk about your real estate commitment and how you delivered Monte Vista anytime I meet someone. Other agenda and brokers should learn from you."
– Robert Emami, ROEM Development Corporation
"I would like to take this opportunity to thank you for the effort you put into this deal. After interviewing other candidates for the disposition of this asset, the final sale price you achieved was more than any of the other candidates proposed listing the property for. Considering the complex nature of this transaction, I was particularly impressed by receiving multiple offers not only from affordable housing buyers but also from private investors, exchange buyers, and other buyer types which we had not previously considered targeting. You have clearly demonstrated your in-depth knowledge of complex tax-credit, senior and affordable properties and that you deliver at the number you propose."
– Philip Wood, Integrity Housing
"We could not have closed without your help."
– Sol Rabin, Crystal Asset Management
"I want to take this opportunity to thank you for your exceptional efforts in the sale of our Villages at Bonita Glen in Chula Vista. As you know, the timing of the sale was critical as it was the down-leg in our exchange. In addition, the property posed a significant challenge due to the required assumption of the existing loan. Through your marketing efforts, you were able to generate over a dozen qualified offers. Not only were you able to get the buyer to substantially increase their price, but we were very pleased with the time periods for due diligence and closing. In addition, your ability to convince the buyer to agree to a non-refundable release of a portion of the deposit upon signing of the Purchase and Sale Agreement added a great deal of comfort to us as sellers. The deal closed promptly and without any re-trades and on time to allow us to meet our upleg exchange requirement."
– Allen L. Boerner, Granite Investment Group
"I wanted to take a moment to thank you all for the effort you each put into successfully marketing and closing both of our deals. Once again, you have delivered exactly as represented and helped us obtain our targeted sales price. You were sensitive and receptive to our concerns with the upcoming loan maturities and deadlines. I was particularly impressed that you were able to generate multiple offers from qualified buyers in a relatively short time frame. You not only guided us through the various offers, but you were also able to get both buyers to close on time. Finally, you and your staff have definitely demonstrated your knowledge of the submarket and product type. The closing process was smooth but time consuming, and your efforts and professionalism were invaluable. I have had a great experience working with your team and I would not hesitate to recommend you to Buyers and Sellers alike and look forward to working again with you in the future."
– Hugo F. Aviles, JH Real Estate Partners, Inc.
"Once again, I would like to thank you for your outstanding expertise in getting our Long Beach property sold for us. I realize the market has gotten tough to sell to the usual suspects and that is why it is so important to have a broker with the inside track. I am very pleased with the quick turn around time from the list date and the date that I received the closing proceeds (around 90 days). In this market, it really doesn't get better than that! Alex, we have closed several transactions with your office and you have always performed over and beyond our expectation. Your staff is a pleasure to deal with and they certainly make every effort to attend to every possible detail. I look forward to a long term working relationship with you group."
– Ken Picerne, The Picerne Group
"I wanted to acknowledge the outstanding work you and your team continues to do for us in acquiring and disposing of our apartment buildings referenced above. In a highly competitive and turbulent market, you have consistently helped us beat out the competition on the buy side and achieve a premium sales price on the sell side. The majority of our transactions are very complex given their bond financing and affordable housing structures, however you and your staff have proven entirely capable and skilled at navigating these additional challenges. There have been numerous instances when a lesser broker might have given up or not been able to get the deal done due to unforeseen challenges, but your steadfast focus has kept the deals alive and consistently gotten us to the closing table. I would gladly recommend you to both buyers and sellers for a competent team that is always in your court. We look forward to working on many more deals with you in the future."
– R.J. Miller, SureHarbor, LLC
"You and your team did a great job. Your forecast and timing was accurate, and, most important, you delivered a Buyer with the purchase price we could accept. Thank you very much, hope to do business with you again."
– Claus Dieckell
"I wanted to take a moment to thank you and your staff in reference to my recent purchase of the Heritage Park Apartments located in West Covina. I was quite pleased that you understood my requirements with regards to my investment criteria. I was also very impressed with your knowledge of the market and product type and your ability to partner with me to located a property that fit my criteria and to deliver it, pursuant to my price and terms. I look forward to a long term working relationship with your group. Thank you again for a job well done!"
– Fred Afari, Oaktree Equities, Inc.
"Many thanks for the wonderful job you did on the disposition of the Pepperwood/Foothill property. Your service and advice were extremely professional and the fact you presented us with an offer at 98% of the listed price within one week speaks for itself. As you know, this was a very complicated transaction due to the existing bond and city financings that were in place. Without the help of you and your office staff, this sale would not have closed. I would be happy to recommend you to anyone desiring outstanding service relating to the purchase or sale of commercial and residential income properties."
– John R. Delfino, Concorde Capital Corporation
"Given the job you have done for our office, I certainly would not hesitate to recommend your services to the most meticulous seller. I look forward to working with you on future projects."
– Hunter L. Johnson, LINC Housing
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