Tishman Speyer buys pricey Anaheim apartments with help of Freddie Mac loan acquisition
Tishman Speyer increased its Southern California holdings with the acquisition of an apartment community in Anaheim. The New York-based firm purchased the Rise complex at 1910 South Union Street through its TS Plus fund, L.A. Business First reported. The company partially financed the acquisition with an $88 million Freddie Mac loan. Terms of the deal, including seller and price, were not disclosed, though Traded reported in 2021 that PGIM acquired the complex for $380 million, which is $1 million per unit. CBRE’s Rachel Parsons, Derrek Ostrzyzek, Mike Murphy and Kenji Thomas arranged the deal. The property has 380 market-rate apartments […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
6 Curb Appeal Trends That Can Actually Lower Your Home’s Resale Value
Fear and loathing on eve of election in Los Angeles
ELLE Decoroscope: Your November Design Horoscope Is Here
Bathtub or Walk-In Shower? What Designers Say About Adding Value to Your Bathroom
7 Smart Home Upgrades That Save Money on Energy and Utility Costs
Dana Point landmark Ritz-Carlton, Laguna Niguel resort sells for $600 million
Em-Estudio lines Mexico City bar with walls of books
Bar brawl in downtown Long Beach: Bascom Group vs Dirty Birds
Before & After: How an Artist and Architect Couple Turned the “Worst House” on the Block Into Their Dream Home
Venice single-family homes to give way to multifamily development
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
26895 Aliso Creek Rd, B-603, Aliso Viejo, California 92656, USA