Multifamily developer JPI has sold a three-property apartment portfolio in Anaheim totaling 1,079 units. The portfolio includes Jefferson Rise, Jefferson Edge and REVO, which are located in Anaheim's Platinum Triangle. JPI developed all three properties. MORE Residential acquired the portfolio.
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. This was JPI's second development with MORE Residential.
The three properties are located in an area known as Stadium Park, a 17-acre site adjacent to Los Angeles Angels of Anaheim Ballpark. 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.
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Kelsi Maree Borland
