Zia apartments in Anaheim, California
MBK Rental Living sold its 2-year-old Zia apartment complex in Anaheim, California, the company announced Friday.
The buyer was Boston-based TA Realty, which paid $147.5M for the property, according to The Registry SoCal. MBK’s release did not name the buyer or a sale price. TA Realty declined a request for comment from Bisnow.
The five-story, 315-unit Zia opened in September 2024 and contains a mix of studios and one-, two- and three-bedroom apartments ranging from approximately 600 SF to 1,900 SF.
The complex at 1600 W. Lincoln Ave. was developed as a joint venture of MBK Rental Living and Haseko Corp.
Orange County’s multifamily vacancy rate remained stable in the second quarter at 4.6%, the same rate as in Q1 2026, according to a Q2 2026 report from Northmarq. The median sale price year-to-date was roughly $326K per unit, a 6% increase from the same period in 2025. The Zia transaction works out to $468K per unit, well above the market’s median.
The second quarter’s biggest multifamily sale was Eagle Real Estate Partners’ acquisition of the 402-unit Crystal View Apartments in Garden Grove, which traded for $132.5M.
Cushman & Wakefield’s Marc Renard, Morgan Jackson, Manfred Schaub and Joyce Bee arranged the transaction on behalf of MBK.
Earlier this week, a Tishman Speyer fund bought Rise, a 380-unit apartment complex in Anaheim. Details of the acquisition were not shared, but Tishman used an $88M Freddie Mac loan in the process, The Real Deal reported.
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