<body><div><h2>The property previously traded in a $380 million portfolio deal.</h2><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3x4Otu_1F8PnbiJ00" alt="https://img.particlenews.com/image.php?url=3x4Otu_1F8PnbiJ00" width="1200" height="900" ><figcaption>The low-rise community features more than 31,000 square feet of indoor and outdoor amenity spaces. Image courtesy of CBRE</figcaption></figure><p>H&amp;S Ventures and Waterford Property Co. have acquired Edge Apartments, a 371-unit community in Anaheim, Calif. PGIM sold the asset for $153.6 million, according to public records. CBRE represented the seller.</p><p>PGIM acquired Edge as part of a $380 million portfolio deal from JPI in 2021, Yardi Matrix data shows. The other asset in that portfolio deal was Rise, a 376-unit property that PGIM sold to Tishman Speyer for $160 million earlier this month.</p><p>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, the data provider shows.</p><p><b>WATCH</b>: Mission Success: Where American Landmark’s New CIO Sees Opportunity</p><p>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><p>Located at 1921 S. Union St., the property is inside Orange County’s Platinum Triangle neighborhood, an 820-acre master-planned district that’s anchored by OCVibe, Angel Stadium, Honda Center and the Anaheim Regional Transportation Intermodal Center. Interstate 5 runs less than 1 mile away.</p><p>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><h2>Orange County multifamily investment clusters around I-5</h2><p>Orange County multifamily transaction volume clocked in at $262.6 million during 2026’s second quarter, marking a 27.1 percent increase compared to the previous three-month period, according to a CBRE report.</p><p>Deal momentum carried well into the third quarter, with investment activity clustering around the I-5 corridor. Last month, TA Realty acquired Zia, a 315-unit asset also in Anaheim, Yardi Matrix data shows. MBK Real Estate sold the community for $147.5 million. In July, Bascom Group acquired Castlewood Park, an 184-unit community in Buena Park, Calif., also near I-5. The asset changed hands for $53.2 million.</p></div></body>

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The property previously traded in a $380 million portfolio deal. H&S Ventures and Waterford Property Co. have acquired Edge Apartments, a 371-unit community in Anaheim, Calif. PGIM sold the asset for $153.6 million, according to public records. CBRE represented the seller. PGIM acquired Edge as part of a $380 million...

PGIM Sells Orange County Asset for $154M

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The property previously traded in a $380 million portfolio deal. H&S Ventures and Waterford Property Co. have acquired Edge Apartments, a 371-unit communit

PGIM Sells Orange County Asset for $154M

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