![]() ![]() While multifamily investment surged in the last year, Anaheim has been on the list of investor’s top target markets for the last five years. The overall vacancy rate also ended the year at a record low of 2.5% after falling by 40 basis points quarter-over-quarter. All told, 17 markets had vacancy rates of less than 2%, led by Orange County, along with Providence, and San Diego. Learn all about local modern condos and townhomes like those at Novel Park and find the home of your dreams in no time. Los Angeles, which is just north of Orange County, was among the markets with the most absorption last year. It is also 58% higher than the prior record of 390,000, which was set in 2000. Call to reserve a tour or to confirm specific layout details and. Certain home features will vary by floor plan. Now leasing brand-new studio, one-, two-, and three-bedroom homes stunningly amenitized in sophisticated fashion and presenting residents with a variety of top-grade finishes. The year’s absorption numbers were also up 238% from 2020 levels and up 97% over 2019 figures. Revo Residences, Refined to Meet Your Preferences. Last year finished with record multifamily demand, with the sector setting an annual absorption record of 617,500 units nationally.Ībsorption in the fourth quarter hit nearly 150,000 units, according to CBRE, a decline from Q3 numbers but still triple the quarterly average over the last decade. The US multifamily market was on fire this year. The area has a wealth of amenities and entertainment options as a result, as well as close proximity to Anaheim’s Regional Transportation Intermodal Center.Īccording to Adrian Su, CEO of Grand China Fund, the assets were successful in the last year because Anaheim is a high-growth market where the housing supply hasn’t kept pace with rental demand. Unlike any other residential podium project, Revo boasts two ½-acre courtyards on its 3 rd level structure: one with an expansive resort style pool & spa, sunken lounge. REVO 1912 S Jacaranda St, Anaheim, CA 92805 Platinum Triangle 4. ![]() The three properties are located in an area known as Stadium Park, a 17-acre site adjacent to Los Angeles Angels of Anaheim Ballpark. Revo at Jefferson Stadium is a 6-level mixed-use luxury apartment project located directly adjacent to Angel Stadium in the Platinum Triangle district of Anaheim. This was JPI’s second development with MORE Residential. JPI developed Jefferson Rise and Jefferson Edge as part of a joint venture with equity partner Grand China Fund, a Beijing-based private equity real estate fund, and the firm partnered with MORE Residential to build REVO. The portfolio includes Jefferson Rise, Jefferson Edge and REVO, which are located in Anaheim’s Platinum Triangle. REVO, Anaheim, CA 92805 PET FRIENDLY 2,665 - 4,865/mo Studio-3bd 1-2ba Citron, Anaheim, CA 92805 PET FRIENDLY 2,420 - 2,865/mo 1-2bd 1-1. Multifamily developer JPI has sold a three-property apartment portfolio in Anaheim totaling 1,079 units. ![]()
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