The Mogharebi Group brokers $28.5 million sale of 284-unit senior-living community in California’s Inland Empire

Wildomar Senior
The Mogharebi Group arranged the sale of Wildomar Senior, a 284-unit senior leisure housing community in Southern California’s Inland Empire.

The Mogharebi Group (TMG) has arranged the sale of Wildomar Senior, a 284-unit senior leisure housing community in Southern California’s Inland Empire. TMG represented the seller Craig Thralls, who developed the property in 2000, in the sale to a Los Angeles-based private investment group.

Located at 32365 S. Pasadena Street, Wildomar Senior’s 176 independent senior-living apartments and 108 assisted-living units are fully occupied. The individual homes offer open floor plans and include fully equipped kitchens. Wildomar amenities include a swimming pool and spa, a senior center with cafeteria, and a park-like exterior with benches, gardening plots, walking trails and shaded picnic areas with grills.

“Wildomar Senior was a very complicated transaction that involved two separate properties on two separate parcels with two separate ground leases,” said TMG Senior Vice President Ben Ketel, who teamed with Executive Vice President Otto Ozen in representing the seller. “In addition, we had to work with multiple government agencies and deal with a variety of rent restrictions. Holding a deal together over an extremely long escrow in a really tumultuous capital market environment was no picnic, but we managed to achieve 99.3 percent of the original contract price.”

Senior housing ranked ninth for overall investment prospects in PwC and Urban Land Institute’s annual review of all real estate subsectors in the 2023 “Emerging Trends in Real Estate” report.

“Wildomar Senior is an excellent product that’s well built with a wealth of amenities to keep seniors entertained and engaged,” Ketel added. “It was a passion project for the seller, who developed the community for his aging parents.”

Wildomar Senior is located in the Inland Empire community of Wildomar, within an hour’s drive of Los Angeles, Orange and San Diego counties. The well-maintained community is in close proximity to the Inland Valley Medical Center, an Advanced Primary Stroke Center and southwest Riverside County’s only Level II Trauma Center.

Founded in 2015, TMG is one of the leading multifamily brokers in the state of California, according to real estate research and advisory firm Green Street. TMG has been involved in the sale of more than 5,500 units in the Inland Empire with sales approaching $850 million.