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California  + Orange County  + Apartments  | 

Waterford Acquires $160M TOD Asset in Anaheim

Waterford Property Company in partnership with the California Statewide Communities Development Authority (CSCDA) recently acquired Jefferson Platinum Triangle, a transit-oriented 400-unit apartment community located in the Platinum Triangle District of Anaheim. Waterford, as property administrator with CSCDA, acquired the community for $160 million from original developer JPI.

The acquisition is part of a workforce housing finance program created in 2020 by CSCDA. Using tax-exempt bond financing, CSCDA can acquire multifamily projects without the use of public subsidies to provide much-needed housing for the middle-income workforce demographic.

“We are building on our investment in Anaheim and increasing our opportunity to provide housing for essential workers. We look forward to rolling this program out as new tenants can experience rental rate savings immediately which we believe in this current economic environment is a valuable tool to help address the ongoing housing issues in California,” said Sean Rawson, co-founder, Waterford Property Company.

Jefferson Platinum Triangle is located at 1781 S. Campton Ave. in Anaheim.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

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