JPI’s Western Region is based in San Diego, California, and has developed communities throughout California totaling over 16,000 units. It is also within ten miles of Anaheim’s top five employers: Disneyland Resort, Kaiser Foundation Hospital, Hilton Anaheim, Cash Call, Inc., Mortgage Division, and Anaheim Memorial Medical Center. Additionally, Stadium Park is located one mile from the Downtown Disney Shopping District Disneyland, and California Adventure theme parks. Residents of this prime location within the Platinum Triangle can access Anaheim’s Regional Transportation Intermodal Center (ARTIC), as well as year-round entertainment, including Major League Baseball’s Los Angeles Angels of Anaheim, and the National Hockey League’s Anaheim Ducks. We are pleased to work with JPI to continue to build our investment portfolio, to deliver steady, long-term returns for our investors.”ĭubbed Stadium Park, the seventeen-acre area that the three assets call home is directly adjacent to the Los Angeles Angels of Anaheim Ballpark at the southwest corner of State College Boulevard and Gene Autry Way. Our partnership with JPI enabled us to create an extraordinary community in Anaheim, it is a high-growth market where the housing supply hasn’t kept pace with rental demand, we are proud to be part of the solution. multifamily has had a great run over the past year, and these assets were no exception. “We are proud of the results the two partnerships yielded for GCF, MORE, JPI, and the residents of these three top-quality assets.”Īdrian Su, CEO of Grand China Fund, adds, “U.S. market and MORE Residential’s expertise in maximizing opportunities to create its best-in-class residential portfolio,” said Patty Bartlett, JPI’s executive vice president and regional managing partner. “These successful transactions represent a six-year-plus effort by JPI, supported by GCF’s keen insight into the U.S. REVO was the result of a joint venture between JPI and MORE Residential, the second development-and-pre-sale agreement between the two firms. JPI partnered with Grand China Fund, a Beijing-based private equity real estate fund, in a joint venture to develop both Jefferson Rise and Edge. The transactions conclude a three-phase development project JPI initiated in June 2016 when it received unanimous approval from the Anaheim Mayor and City Council. ANAHEIM, Calif.-( BUSINESS WIRE)-JPI, a leader in the development of Class A multi-family communities, announced today the transition of three assets in Anaheim’s prestigious Platinum Triangle area.Ĭomprised of 1,079 apartment units in total, the Jefferson Rise and Jefferson Edge properties were acquired, and the completed REVO development transitioned over to the long-term owner, MORE Residential, a Texas-based multifamily investment firm.
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