|
|
9/02/26
|
Tishman Speyer has acquired Rise, a multifamily community encompassing 376 market-rate apartments in Anaheim’s Platinum Triangle District. The purchase was financed in part by an $88 mil Freddie Mac loan.
Completed in 2020, Rise is located at 1910 South Union St, south of Katella Ave and just east of I-5. Rise is part of an 820-acre master planned district anchored by the Honda Center, Angel Stadium, and ARTIC train station. Situated at the convergence of three major freeways, Rise provides convenient access to major Orange County and Los Angeles employment hubs and popular attractions such as Disneyland.
Currently 95% leased, Rise offers luxury apartments ranging from studios to three bedrooms and features an expansive resident amenity package. The community provides residents a wide range of amenities, including a fitness center, outdoor pool, spa, BBQ areas, and co-working lounge.
A new roof deck was completed in late 2025, featuring a variety of seating options and a pickleball court. Going forward, Tishman Speyer plans to undertake a series of targeted enhancements to the property’s amenities and exterior.
Tishman Speyer acquired the 340k sf residential property on behalf of its TS Plus fund, Tishman Speyer’s core plus fund, which has secured $1.08 bil in commitments to date. The firm’s TS Plus portfolio also includes industrial properties in Northern California and South Florida, as well as residential communities in Chicago, Dallas, Raleigh, Charlotte, and Montclair, NJ.
“Rise represents a compelling addition to TS Plus within an Orange County market that continues to transform through public and private investment and is seeing a material reduction in new supply,” said Tishman Speyer Managing Director Matthew Friedman. “We saw an attractive opportunity to acquire a high-quality, well-leased asset at a significant discount to replacement cost.”
CBRE Executive Vice Presidents Rachel Parsons and Derrek Ostrzyzek, together with First Vice President Mike Murphy and Senior Associate Kenji Thomas, arranged the transaction.
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
