MBK Rental Living Sells Luxury Apartment Community In Central Orange

MBK Rental Living Sells Luxury Apartment Community In Central Orange

MBK Rental Living, a leading developer of lifestyle-driven residential communities, announced this week that it has successfully executed the sale of Zia, a 315-unit new Class A apartment community in Anaheim, California. Developed as a joint venture of MBK Rental Living and Haseko Corporation, Zia's prime location near Anaheim's top destinations combined with its high-quality, amenity-rich spaces delivered strong leasing since opening and an optimal experience for residents.

"Zia represents the thoughtful planning, design, and execution that define MBK Rental Living's approach to creating lasting value," said Ken McCarren, President of MBK Rental Living. "From the outset, our vision was to deliver a community centered on wellness, connectivity, and an exceptional resident experience. The strong market response and performance of the asset are a testament to that vision, the dedication of our team, and the continued appeal of Anaheim as a place to live, work, and thrive."

Opened in September 2024, Zia is a five-story, wrap-style community with a total of 315 studios and 1-, 2-, or 3-bedroom apartments ranging from approximately 600 to 1,900 square feet. The property is located on 5.2 acres at 1600 W. Lincoln in Anaheim and incorporated MBK Rental Living's with Our World sustainability program, integrating energy-efficient systems and environmentally conscious design practices to support long-term performance and resident well-being.

Residents have access to an array of amenities including a 4,000-square-foot 24-hour fitness center with a children's lounge area; pool with grill, bar area, spa, and cabanas; entertainment and Zen courtyards; game lounge with racing car simulator; co-working office space with conference rooms; and a dog spa and park.

Zia offers all the benefits of life in Anaheim, one of Orange County's most sought-after cities. Best known as the home of Disneyland, the community boasts a strong job market, a diverse restaurant scene, and convenient access to major freeways, John Wayne and LAX airports, as well as renowned beaches and outdoor destinations. With its growing downtown arts and entertainment district and strong sense of community, Anaheim provides residents with the perfect blend of suburban comfort and big-city amenities.

"Zia attracted investors from around the globe, who were drawn to the quality of construction, the property's strong operating performance and the compelling prospects for future rent growth," McCarren added.

Cushman & Wakefield, Inc's Capital Markets Group led by Executive Vice Chair, Marc Renard, Morgan Jackson, Manfred Schaub and Joyce Bee arranged the transaction on behalf of MBK.

MBK Rental Living is currently leasing apartment communities across California and Colorado, including Solana in Duarte in Southern California; Vida in Morgan Hill, The Haven in Petaluma, and Ona in Natomas in Northern California with their JV partner Hines; Las Brisas in Santa Maria in Central California; and Alexan Peña Station in Denver with Trammel Crow and The Aven in Colorado Springs with Hines.

MBK Rental Living is active in the acquisition and development of apartment communities. The company's mission is to be the preeminent lifestyle developer focusing on creating communities that deliver value for their residents, partners, and investors. Throughout its more than 30-year history, MBK has earned a reputation for delivering award-winning customer satisfaction in housing that is innovative in design, comfort, sustainability, and craftsmanship, all at an excellent value. MBK Rental Living is a division of MBK Real Estate LLC., the U.S. real estate development arm of Mitsui & Co., Ltd., a global trading and investment company with a diversified business portfolio.

MBK Real Estate's companies span a wide spectrum of real estate development including apartments, industrial, and their senior housing divisions. With Our World was developed by MBK Rental Living, a leader in developing environmentally and socially responsible communities. MBK is on a mission to make apartment living planet-friendly with its comprehensive program which seamlessly blends conscious design with high performance to provide healthier, more comfortable living environments for our residents.

Based in Irvine, California, Haseko North America is a wholly owned subsidiary of the Haseko Corporation, the largest vertically residential construction firm in Japan. Founded in 1937 and listed on the 1st Sections of Tokyo Stock Exchange in 1965, Haseko has built over 730,000 condos, maintaining a market-leading position for over 50 years. The firm reported annual revenues of $7.96bn, with total assets of $8.87bn in its most recent annual filings.

• September 4, 2026