Core Apartments - KKR Multifamily 4-Pack

JLL, as exclusive advisor, is pleased to present for sale Core, a 400-unit, 2018-vintage mid-rise apartment community located in Anaheim, California. Residents enjoy a resort-caliber amenity package including a zero-edge pool and spa retreat, two-story fitness studio, executive co-working lounge, resident social lounge, and smart community features — all wrapped around a walkable courtyard setting with 717 structured parking spaces.

The Property has demonstrated exceptional operational performance, achieving 96%+ average occupancy YTD and never dipping below 94% over the past 22 consecutive months — a track record that reflects the depth and durability of demand at the asset level. Residents pay just 19% of income on rent, a $1,597/month cushion below the 30% threshold, underpinned by an average household income of $189,000.

Strategically positioned at the convergence of I-5 and SR-57, Core places residents within a 30-minute commute of ±2.5 million jobs and minutes from the Platinum Triangle’s marquee sports, entertainment, and employment destinations — including the Honda Center, Angel Stadium, and the $4B OC Vibe mixed-use redevelopment breaking ground adjacent to the Property. With Anaheim multifamily occupancy projected to hold at 95.1% through 2031 and rent growth averaging 3.60% from 2028–2030, Core offers investors a durable income stream with compelling forward momentum.