H&S Ventures And Waterford Property Company Acquire 371-unit Multifamily In Anaheim For $153.6M

The property asset involved in this transaction is the Edge Apartments, a multifamily community located at 1921 South Union Street, Anaheim, CA. The property was sold for $153,600,000, comprising 371 units with a price per unit of $414,016. The development, built in 2019, features a five-story structure and includes 31,000 square feet of amenities, positioned in Anaheim’s Platinum Triangle, which is in close proximity to major sports and transit venues.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $153,600,000
• Buyer: H&S Ventures & Waterford Property Company
• Seller: Jacques Chappuis - PGIM
• Brokers: Rachel Parsons, Derrek Ostrzyzek, Mike Murphy & Kenji Thomas - CBRE
• Units: 371
• Price Per Unit: $414,016

The transaction involved H&S Ventures and Waterford Property Co. acquiring the Edge Apartments from Jacques Chappuis, who represents PGIM. The brokers facilitating the transaction were Rachel Parsons, Derrek Ostrzyzek, Mike Murphy, and Kenji Thomas from CBRE, highlighting the professional collaboration that contributed to the successful sale.