{"id":465973,"date":"2026-09-16T20:44:10","date_gmt":"2026-09-16T20:44:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/465973\/"},"modified":"2026-09-16T20:44:10","modified_gmt":"2026-09-16T20:44:10","slug":"pgim-sells-orange-county-multifamily-asset-for-154m","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/465973\/","title":{"rendered":"PGIM Sells Orange County Multifamily Asset for $154M"},"content":{"rendered":"

\"Edge<\/a><\/p>\n

H&S Ventures and Waterford Property Co.<\/a> have acquired Edge Apartments<\/a>, a 371-unit community in Anaheim, Calif. PGIM sold the asset for $153.6 million.<\/p>\n

PGIM acquired Edge as part of a $380 million portfolio deal from JPI in 2021.<\/p>\n

The property duo was part of a larger, three-phase project totaling 1,079 units. That third community, dubbed Griffis Platinum Triangle, was recapitalized late last year in a deal including Griffis Residential, MORE Residential and Square Mile Capital.<\/p>\n

Edge came online in 2019, featuring studio and one- to three-bedroom layouts that average 867 square feet. The five-story community includes more than 31,000 square feet of indoor and outdoor amenity spaces, such as a rooftop terrace, swimming pool, gym, clubhouse and business center.<\/p>\n

Located at 1921 S. Union St., the property is inside Orange County\u2019s Platinum Triangle neighborhood, an 820-acre master-planned district that\u2019s anchored by OCVibe, Angel Stadium, Honda Center and the Anaheim Regional Transportation Intermodal Center. Interstate 5 runs less than 1 mile away.<\/p>\n

CBRE Executive Vice Presidents Rachel Parsons and Derrek Ostrzyzek, together with First Vice President Mike Murphy, in addition to Associate Kenji Thomas, represented PGIM in the sale.<\/p>\n

<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"H&S Ventures and Waterford Property Co. have acquired Edge Apartments, a 371-unit community in Anaheim, Calif. PGIM sold…\n","protected":false},"author":2,"featured_media":465974,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[19091,163,38841,165,164,8865,47360,45795,76230,17746,109111,183508,124027,169184,45796],"class_list":["post-465973","post","type-post","status-publish","format-standard","has-post-thumbnail","category-anaheim","tag-acquisition","tag-anaheim","tag-anaheim-california","tag-anaheim-headlines","tag-anaheim-news","tag-cbre","tag-high-density","tag-mid-rise","tag-mixed-use","tag-multifamily","tag-orange-county-california","tag-pgim","tag-resort-style","tag-transit-oriented","tag-value-add"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/465973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=465973"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/465973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/465974"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=465973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=465973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=465973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}