12/31/2023 0 Comments Revo apartments anaheimPaul Julian, president of ARES, cited the same supply-demand dynamics years ago, and those are still at play today. 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. Anaheim, Orange, and Garden Grove are nearby cities. Platinum Triangle and Southeast Anaheim are nearby neighborhoods. Orangewood Garden Apartments, Anaheim, CA 92802. This building is located in Anaheim in Orange County zip code 92805. Los Angeles, which is just north of Orange County, was among the markets with the most absorption last year. REVO is located at 1912 S Jacaranda St, Anaheim, CA 92805 in the Platinum Triangle neighborhood. The Outlets at Orange to Disneyland Park. It is also 58% higher than the prior record of 390,000, which was set in 2000. Its a residence, a commitment to living fully, and a vibrant address, all in one. Unlike any other residential podium project, Revo boasts two -acre courtyards on its 3 rd level structure: one with an expansive resort style pool & spa, sunken lounge, cabanas, and fire pits, and the other with a large recreation lawn, dining, and games. The year’s absorption numbers were also up 238% from 2020 levels and up 97% over 2019 figures. 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. The three properties are located in an area known as Stadium Park, a 17-acre site adjacent to Los Angeles Angels of Anaheim Ballpark. ![]() 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 is located at 1912 s jacaranda st, anaheim, ca 92805 in the platinum triangle neighborhood. Nearby Cities Include Fullerton, Stanton, Garden Grove, Buena Park, And Cypress. Multifamily developer JPI has sold a three-property apartment portfolio in Anaheim totaling 1,079 units. Source: 1912 s jacaranda st anaheim, ca 92805.
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