Gelt Acquires Property From Redhill Realty Investors In Anaheim For $146.5M With Chelsea Jervis As Buyer's Rep

The property involved in the transaction is The Oasis Anaheim, located at 3530 E La Palma Ave, Anaheim, CA. The asset was sold for $146,500,000.00 and consists of two four- and five-story buildings housing a total of 312 apartments. Built in 2009 on 5.2 acres, The Oasis Anaheim offers various layouts including loft, townhome, one-bedroom, and two-bedroom options. Amenities on-site include a resort-style pool, fitness center/yoga studio, clubhouse, recycling services, a business center, barbecue grills, and 626 parking spaces.

Summary of transaction details:

• Property Type: Apartment
• Transaction Amount: $146,500,000.00
• Buyer: Gelt
• Seller: Redhill Realty Investors
• Buyer’s Representatives: Sean Deasy, Ryan Fitzpatrick, and Chelsea Jervis - JLL
• Location: 3530 E La Palma Ave, Anaheim, CA
• Market: Anaheim
• Year Built: 2009
• Acreage: 5.2
• Amenities: Resort-style pool, fitness center/yoga studio, clubhouse, recycling services, business center, barbecue grills, 626 parking spaces
• Apartment Count: 312

Sean Deasy, Ryan Fitzpatrick, and Chelsea Jervis from JLL represented both the buyer, Gelt, and the seller, Redhill Realty Investors, in the transaction. The Oasis Anaheim is situated in a transit-oriented area of northeast Anaheim, enhancing its appeal as a valuable investment.