Steadfast will manage OC Apartment Homes, a 56-unit community in Anaheim, California, for Rising Tide Housing, bringing its experience in apartment operations to support the organization’s housing mission.
Located at 1251 North Placentia Avenue, OC Apartment Homes consists of three two-story buildings with one- and two-bedroom apartments. The community includes a landscaped courtyard, pool, spa, barbecue area, and shared laundry facilities.
Rising Tide Housing is a California nonprofit public benefit corporation focused on affordable multifamily housing in Orange County. Its charitable purpose includes acquiring, rehabilitating, financing, and preserving housing intended in substantial part for very low- and low-income residents, along with providing support services and opportunities for residents.
At OC Apartment Homes, Steadfast’s management responsibilities will include leasing, rent collection, maintenance, resident communication, and oversight of operating expenses.
Strong property operations play an important role in maintaining a stable community and protecting the long-term quality of the housing. Through this relationship, Steadfast will bring its multifamily management experience to OC Apartment Homes while supporting Rising Tide Housing Corporation’s broader charitable housing mission.
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Disclaimer: The information provided in this article is for informational and educational purposes only. It is not intended to serve as investment, tax, or legal advice, nor should it be interpreted as an offer to buy or sell any security. Private real estate investments carry significant risks, including the potential loss of principal, and are intended for accredited investors who understand and can bear those risks. Any discussion of tax treatment relates solely to the property-level structure and does not reflect or predict individual investor outcomes. Tax implications vary based on each investor’s circumstances, and readers should consult their own financial, legal, and tax advisors before making any investment decision.
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