Market Overview

Rev at Platinum Park to Meet Need for Multifamily Housing in Orange County

Share:

JPI has closed financing on Rev at Platinum Park, located across
the street from Angel Stadium of Anaheim, home to the Los Angeles Angels

The beautiful beaches aren't the only thing attracting residents to
Orange County these days. With more than 1.4 million jobs identified in
the area, this growing submarket has an overwhelming need for
multifamily development and new living experiences.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180823005414/en/

JPI has closed financing on Rev at Platinum Park, located across the street from Angel Stadium of An ...

JPI has closed financing on Rev at Platinum Park, located across the street from Angel Stadium of Anaheim, home to the Los Angeles Angels (Photo: Business Wire)

JPI, who has called Southern California home for more than 20 years,
intends to meet those needs with their newest Class A multifamily
development. Rev at Platinum Park, which closed financing today, will
begin construction in Anaheim. The financial partners for the
development are MORE Residential and Bridge Bank.

"We've been in this market for a long time, so we have a unique
opportunity to serve the residents of Anaheim," said Rosie Cooper,
executive vice president and regional managing partner at JPI. "Our
research has shown that residents aren't just looking for a nice place
to live – they are looking for a place that fits their lifestyle. Being
in the heart of the prestigious Platinum Triangle opens up this
community to the energy around it. We are excited to welcome Rev at
Platinum Park to Anaheim and see the impact it will make."

"We are excited to partner with JPI on such a high-caliber project,"
said Mark Alfieri, chief executive officer at MORE Residential, the
joint venture/equity partner on Rev at Platinum Park. "This
well-thought-out development reflects our strategy of building a
high-quality portfolio of multifamily properties through partnerships
with exceptional development sponsors."

Rev at Platinum Park, a 332-home community located in the Platinum
Triangle area of Anaheim at the intersection of East Gene Autry Way and
South State College Boulevard, will include 14,600 square feet of
commercial space. This will be JPI's third community within walking
distance of the Platinum Triangle.

"JPI's Rev at Platinum Park exemplifies Bridge Bank's commitment to
invest in vibrant developments in communities that are the cornerstone
of economic growth. Anaheim's Platinum Triangle, and JPI's visionary
development, is a perfect example of that commitment," said Maggie Hsu,
vice president and senior loan officer in Bridge Bank's Construction
Lending Group.

Residents will enjoy being within walking distance of the 45,477-seat
Angel Stadium of Anaheim, home to the Los Angeles Angels. Residents are
also just minutes away from an array of nearby entertainment options
including new eateries, breweries, the Packing District, Disneyland and
the Honda Center concert venue, home of the Anaheim Ducks.

Rev at Platinum Park, a podium-style community, was designed with a mix
of modern and industrial architectural styles. The design includes an
expansive courtyard with a pool and a resort-style sunken island. This
project boasts a large multiuse resident clubhouse and two rooftop
decks, all designed with the community experience in mind. Residents can
come together and enjoy views of the ballpark and Disneyland's nightly
fireworks show. The community includes multiple barbecue areas, an
outdoor lounge, and a state-of-the-art indoor fitness center with an
outdoor workout space for those who enjoy the breeze. Residents will
also enjoy access to the adjacent 1.09-acre dedicated public park, which
includes an off-leash dog area.

For residents working at top employers in the area such as Disney, UCI
Medical Center, PuroClean, Volt Information Sciences and Hilton, Rev at
Platinum Park is convenient to the I-5 and SR-57 freeways and the $188
million Anaheim Regional Transportation Intermodal Center.

For a rendering of Rev at Platinum Park, see http://jpi.com/rev-platinum-park-meet-need-multifamily-housing-orange-county/

About JPI

JPI is a national developer, builder and investment manager of Class A
multifamily assets across the U.S. and is the most active multifamily
developer in Dallas-Fort Worth. Headquartered in Irving, Texas, JPI also
has offices in California, Arizona and New York. With a 30-year history
of successful developments throughout major U.S. markets and an
unparalleled depth of industry-specific experience, JPI stands among the
most active privately held real estate companies in the country. JPI's
executive leadership team has an average of 25 years of comprehensive
experience in multifamily developments – including low-density garden
apartments, mid- to high-density wrap and podium projects, mixed-use
developments, and student living communities. The firm offers investment
management, predevelopment, underwriting, marketing and asset management
services as well as construction, financial and administrative services.
To learn more about JPI, please visit JPI.com.

About MORE Residential

MORE Residential is a newly formed real estate company that invests in
operating multifamily properties and properties in various stages of
development in select markets across the U.S. Based in Plano, Texas,
MORE's executive management team averages more than 20 years of
experience in multifamily investment with both public and private
companies.

About Bridge Bank

Bridge Bank is a division of Western Alliance Bank, Member FDIC, the
go-to bank for business in its growing markets. Bridge Bank was founded
in 2001 in Silicon Valley to offer a better way to bank for small-market
and middle-market businesses across many industries, as well as emerging
technology companies and the private equity community. Geared to serving
both venture-backed and non-venture-backed companies, Bridge Bank offers
a broad scope of financial solutions including growth capital, equipment
and working capital credit facilities, sustainable energy project
finance, venture debt, treasury management, asset-based lending, SBA and
commercial real estate loans, ESOP finance, and a full line of
international products and services. Based in San Jose, Bridge Bank has
eight offices in major markets across the country along with Western
Alliance Bank's powerful array of specialized financial services.
Western Alliance Bank is the primary subsidiary of Phoenix-based Western
Alliance Bancorporation. One of the country's top-performing banking
companies, Western Alliance ranks second on the Forbes 2018 "Best
Banks in America" list. For more information, visit bridgebank.com.

View Comments and Join the Discussion!