Tishman Speyer Acquires 376-Unit Anaheim Rental Community
Tishman Speyer acquired Rise, a multifamily community encompassing 376 market-rate apartments in Anaheim’s Platinum Triangle District. MORE Residential has owned the property since 2022.
Tishman Speyer acquired the 340,000-square-foot residential property on behalf of its TS Plus fund. The purchase was financed in part by an $88 million loan through Freddie Mac. Completed in 2020 and currently 95 percent leased, Rise offers luxury apartments ranging from studios to three bedrooms and features an expansive resident amenity package.
Located at 1910 South Union Street, Rise is part of an 820-acre master planned district anchored by the Honda Center, Angel Stadium, and ARTIC train station.
Amenities include 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. Tishman Speyer will undertake a series of targeted enhancements to the property’s amenities and exterior.
CBRE’s Rachel Parsons, Derrek Ostrzyzek, Mike Murphy, and Kenji Thomas, arranged the transaction.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout