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 […]
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