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.
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