Tishman Speyer announced its acquisition of Rise, a multifamily community encompassing 376 market-rate apartments in Anaheim’s Platinum Triangle District.
Tishman Speyer acquired the 340,000-square-foot residential property on behalf of its TS Plus fund. The purchase was financed in part by an $88 million loan through Freddie Mac. Completed in 2020 and currently 95 percent leased, Rise offers luxury apartments ranging from studios to three bedrooms and features an expansive resident amenity package.
Rise marks the sixth acquisition for TS Plus, Tishman Speyer’s core plus fund, which has secured $1.08 billion in commitments to date. The firm’s TS Plus portfolio also includes industrial properties in Northern California and South Florida, as well as residential communities in Chicago, Dallas, Raleigh, Charlotte, and Montclair, NJ.
“Rise represents a compelling addition to TS Plus within an Orange County market that continues to transform through public and private investment and is seeing a material reduction in new supply,” said Tishman Speyer Managing Director Matthew Friedman. “We saw an attractive opportunity to acquire a high-quality, well-leased asset at a significant discount to replacement cost.”
Located at 1910 South Union Street, Rise is part of an 820-acre master planned district anchored by the Honda Center, Angel Stadium, and ARTIC train station. Situated at the convergence of three major freeways, Rise provides convenient access to major Orange County and Los Angeles employment hubs and popular attractions such as Disneyland.
Rise offers residents a wide range of amenities, including a fitness center, outdoor pool, spa, BBQ areas, and co-working lounge. A new roof deck was completed in late 2025, featuring a variety of seating options and a pickleball court. Tishman Speyer will undertake a series of targeted enhancements to the property’s amenities and exterior.
Since its first investments in the residential sector in 1989, Tishman Speyer has acquired and developed approximately 30,000 rental apartments and for sale condominiums across the United States, Brazil, Asia and Europe.
Since 2023 Tishman Speyer has acquired approximately 3,800 units across 13 residential communities in three countries and ten states. Tishman Speyer has also commenced or completed construction on approximately 4,100 rental apartments during this same period and has 7,400 units total currently in its residential development pipeline.
CBRE Executive Vice Presidents Rachel Parsons and Derrek Ostrzyzek, together with First Vice President Mike Murphy and Senior Associate Kenji Thomas, arranged the transaction.
Tishman Speyer is a leading owner, developer, operator and investment manager of first-class real estate in approximately 40 key markets across the United States, Europe, Asia and Latin America. Our portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial and data center facilities, mixed-use campuses, and real estate credit investments. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. With global vision, on-the-ground expertise and a personalized approach, we foster innovation, quickly adapt to global and local trends and proactively anticipate our customers’ evolving needs. By embedding health and wellness, enlightened placemaking and customer-focused initiatives such as our tenant amenities platform, ZO, and our flexible space and co-working brand, Studio, into our buildings, we enhance the experience of the people who work and live there. Since our inception in 1978, Tishman Speyer has acquired, developed, and operated 606 properties, totaling 240 million square feet, with a combined value of approximately $137 billion (U.S.). Our current portfolio includes such iconic assets as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt, and the Mission Rock neighborhood currently being realized in San Francisco.
