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Waterton Residential, Author at Waterton Residential, LLC Blog Mon, 28 Sep 2026 19:49:40 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.3 Waterton Acquires 453-unit City Walk at Woodbury in Woodbury, MN https://www.waterton.com/blog/2026/09/25/waterton-acquires-453unit-city-walk-at-woodbury-in-woodbury-mn/ Fri, 25 Sep 2026 17:01:00 +0000 https://www.waterton.com/blog/?p=182 (September 25, 2026) – Waterton, a national real estate investor and operator, today announced it has acquired City Walk at Woodbury, a 453-unit rental community in Woodbury, MN. The wrap-style rental community comprises two four-story residential buildings, heated indoor parking garages, a clubhouse and 24,000 square feet of retail space. Waterton will execute a targeted…

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(September 25, 2026) – Waterton, a national real estate investor and operator, today announced it has acquired City Walk at Woodbury, a 453-unit rental community in Woodbury, MN. The wrap-style rental community comprises two four-story residential buildings, heated indoor parking garages, a clubhouse and 24,000 square feet of retail space. Waterton will execute a targeted value add program to enhance the residences, hallways and common areas throughout the community. 

“City Walk at Woodbury is well positioned in an established eastern suburb of the Twin Cities and benefits from a strong public school system,” said Casey Mog, vice president of acquisitions at Waterton. “The proximity to nearby I-94 and I-494 provides convenient connectivity for commuters and our planned value-add strategy aims to further enhance the overall resident experience.”

Built in phases in 2005 and 2011, City Walk at Woodbury features relatively large floorplans across one-, two- and three-bedroom configurations. Residences feature a patio or balcony and include a mix of finishes such as stainless steel or black appliances, vinyl plank flooring and carpet, and hard-surface or Formica countertops. The clubhouse includes an indoor pool, hot tub, sauna, game room, golf simulator, business center, a children’s room, and a fitness center with a yoga studio and spin room. Residents also have access to multiple community kitchens, club lounges and co-working spaces in the clubhouse. Outdoor amenities include a playground, dog park and grilling stations as well as a sundeck with a fireplace.  

Waterton plans to execute a tailored approach to residential improvements. Updates will range from refreshed cabinets, hardware and lighting fixtures, to new appliances, countertops, plumbing fixtures, flooring, and paint as needed. The firm plans to enhance hallways and shared spaces and update landscaping and mechanical systems to improve the overall experience. 

The community is served by the highly-regarded Stillwater Public School District, while proximity to retail, dining and entertainment options offers added convenience. Nearby options for outdoor recreation include Lake Elmo Park Preserve, Powers Lake Park and Lake St. Croix. 

About Waterton:

Waterton is a real estate investment and property management company with a focus on U.S. multifamily and hospitality properties. Founded in 1995, Waterton executes value add, core and credit strategies and manages a national portfolio of properties on behalf of institutional investors, family offices and financial institutions. Waterton is privately held and is headquartered in Chicago with regional teams throughout the United States. As of June 30, 2026, Waterton’s portfolio includes approximately $10.0 billion in real estate assets. Visit Waterton’s website: www.waterton.com.

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Waterton Acquires 482-unit Reserve at Chino Hills Apartments in Chino Hills, CA https://www.waterton.com/blog/2026/09/09/waterton-acquires-482-unit-reserve-at-chino-hills-apartments-in-chino-hills-ca/ Wed, 09 Sep 2026 20:03:00 +0000 https://www.waterton.com/blog/2026/09/09/waterton-acquires-482-unit-reserve-at-chino-hills-apartments-in-chino-hills-ca/ (September 9, 2026) – Waterton, a national real estate investor and operator, today announced it has acquired Reserve at Chino Hills, a 482-unit rental community in Chino Hills, CA. The 20-acre garden style community at 4200 Village Dr. comprises 46 residential buildings and a clubhouse. Located in the western-most point of Inland Empire, the low-density…

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(September 9, 2026) – Waterton, a national real estate investor and operator, today announced it has acquired Reserve at Chino Hills, a 482-unit rental community in Chino Hills, CA. The 20-acre garden style community at 4200 Village Dr. comprises 46 residential buildings and a clubhouse. Located in the western-most point of Inland Empire, the low-density community is proximate to the intersection of San Bernardino, Los Angeles, Riverside and Orange counties with convenient access to the region’s employment centers. Waterton will execute a muti-tiered value add program to enhance the residences and amenity spaces throughout the community.

“The Reserve at Chino Hills stands out for its central location, low density setting and rare combination of floorplan options, offering an attractive alternative to homeownership in Chino Hills,” said Kol Rath, vice president of acquisitions at Waterton. “Our planned value-add program aims to enhance the overall resident experience and help meet rental demand in the area.” 

Reserve at Chino Hills, built in 1987, features a variety of unit layouts and includes a range of amenities. Floorplans include traditional garden-style apartments offering studio, one- and two-bedroom options with in-unit washer/dryers and private patios or balconies. Townhomes, built in 2024, offer residents three-bedroom configurations providing larger-than-usual floorplans and an attractive alternative to single-family home ownership in a highly rated school district. Amenities include three outdoor pools and three hot tubs, an outdoor lounge area with a fireplace and TV, a grilling and picnic area, a dog park, and a playground. The clubhouse, built in 2018, includes a fitness center, children’s room, well-appointed lounge, game room and co-working spaces. 

Waterton plans to renovate the residences to a modern finish level with new flooring, stainless steel appliances, quartz countertops, cabinet upgrades, lighting and plumbing fixtures, hardware, and backsplashes. Across the amenity package, Waterton plans to refresh fixtures and furnishings while contemplating a reconfiguration of underutilized spaces to maximize the resident experience at the community. 

Residents at Reserve at Chino Hills enjoy proximity to abundant nearby retail and the community is served by the highly rated Chino Valley Unified School District. The location benefits from immediate access to the recently improved SR-71 corridor which provides convenient access to retail centers and employment hubs across Riverside, San Bernardino and Orange counties as well as the Los Angeles metro area.

About Waterton:

Waterton is a real estate investment and property management company with a focus on U.S. multifamily and hospitality properties. Founded in 1995, Waterton executes value add, core and credit strategies and manages a national portfolio of properties on behalf of institutional investors, family offices and financial institutions. Waterton is privately held and is headquartered in Chicago with regional teams throughout the United States. As of June 30, 2026, Waterton’s portfolio includes approximately $10.0 billion in real estate assets. Visit Waterton’s website: www.waterton.com. 

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Waterton Acquires 344-Unit Arrivé Rental Community In Seattle, WA https://www.waterton.com/blog/2026/08/26/waterton-acquires-344-unit-arrive-rental-community-in-seattle-wa/ Wed, 26 Aug 2026 16:56:00 +0000 https://www.waterton.com/blog/2026/08/26/waterton-acquires-344-unit-arrive-rental-community-in-seattle-wa/ (August 26, 2026 – Chicago, IL) – Waterton, a national real estate investor and operator, today announced the acquisition of Arrivé, a 344-unit high-rise apartment community in Seattle’s Belltown neighborhood. The acquisition includes the residential portion of the building, located on floors 11-42 above a hotel property. Waterton plans to execute a light value add…

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(August 26, 2026 – Chicago, IL) – Waterton, a national real estate investor and operator, today announced the acquisition of Arrivé, a 344-unit high-rise apartment community in Seattle’s Belltown neighborhood. The acquisition includes the residential portion of the building, located on floors 11-42 above a hotel property. Waterton plans to execute a light value add program across the residences, common areas, amenities and hallways. 

“Arrivé's location in the heart of Belltown puts residents within walking distance of Seattle's largest employers, including Amazon, Google, and Apple, along with numerous restaurants, retail options, and nearby waterfront amenities that continue to drive renter demand,” said Ben Slack, vice president of acquisitions at Waterton. “With its 2019 vintage, Type 1 construction, and standing as one of Belltown's tallest residential towers, the property presents a compelling opportunity to leverage Waterton’s operational experience and execute a value add program that will enhance the overall resident experience.”

Arrivé offers a mix of apartment homes including studio, one- and two-bedroom floorplans as well as five penthouse rental homes on the 41st floor featuring two-bedroom/two-bath and three-bedroom/three-bath configurations. Residences include quartz countertops, tile backsplashes, wide-plank vinyl plank flooring, roller shades and in-unit washer/dryers. Large windows provide abundant natural light and views of downtown Seattle, the Space Needle, Elliott Bay waterfront, Lake Union and the Cascade and Olympic mountain ranges. Select residences also offer private balconies. Planned apartment upgrades include custom closet organizers; new kitchen lighting fixtures; and a new technology package. 

To improve the resident arrival experience, Waterton plans to reconfigure the lobby, establishing an intuitive entry for residents. Enhancements will include relocating the concierge desk for greater visibility and creating a welcoming environment through updated furnishings and finishes

The amenities at the property include a 42nd-floor lounge with conversation and cafe seating, , coworking spaces and a rooftop terrace with sweeping views of the surrounding vistas. The seventh floor features a fitness center, a dog wash and a dog run. Waterton plans to activate underutilized spaces in the lounge and on the terrace by adding new furnishings, refreshed paint and greenery inside and out. The seventh-floor fitness center will receive new equipment and updated locally inspired murals. Subterranean parking is also available for residents onsite.

The vibrant Belltown neighborhood offers numerous restaurants, bars, music venues, and entertainment attractions including The Moore Theatre and the Cinerama. The property is also located near Pike Place Market and Seattle’s recently revitalized waterfront. Access to Interstate 5 and the State Route 99 tunnel provides convenient commuting to points north and south.

About Waterton:

Waterton is a real estate investment and property management company with a focus on U.S. multifamily and hospitality properties. Founded in 1995, Waterton executes value add, core and credit strategies and manages a national portfolio of properties on behalf of institutional investors, family offices and financial institutions. Waterton is privately held and is headquartered in Chicago with regional teams throughout the United States. As June 30, 2026, Waterton’s portfolio includes approximately $10.0 billion in real estate assets. Visit Waterton’s website: www.waterton.com. 

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Waterton Acquires 560-Unit Wyndchase Aspen Grove Garden Style Rental Community In Franklin, TN https://www.waterton.com/blog/2026/07/29/waterton-acquires-560-unit-wyndchase-aspen-grove-garden-style-rental-community-in-franklin-tn/ Wed, 29 Jul 2026 18:07:00 +0000 https://www.waterton.com/blog/2026/07/29/waterton-acquires-560-unit-wyndchase-aspen-grove-garden-style-rental-community-in-franklin-tn/ (July 29, 2026 – Chicago, IL) – Waterton, a national real estate investor and operator, today announced it has acquired the Wyndchase Aspen Grove rental community in Franklin, TN. The 560-unit garden style community is located at 3100 Aspen Grove Dr. and provides renters with relative affordability compared to homeownership in this sought-after suburb of…

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(July 29, 2026 – Chicago, IL) – Waterton, a national real estate investor and operator, today announced it has acquired the Wyndchase Aspen Grove rental community in Franklin, TN. The 560-unit garden style community is located at 3100 Aspen Grove Dr. and provides renters with relative affordability compared to homeownership in this sought-after suburb of Nashville. The low density of the 60-acre community represents a unique offering in the Nashville MSA. The high barrier to entry, tapering supply pipeline and strong employment fundamentals present a strategic opportunity to execute a value add program across residences and common areas. 

“Wyndchase Aspen Grove represents a highly differentiated product with strong value add upside and an opportunity to provide an updated and relatively attainable rental option,” said Casey Mog, vice president of acquisitions at Waterton. “The low-density setting and location in a top-rated school district combined with the variety of floor plan options at the community, many with attached garages, serve as a solid foundation to deploy Waterton’s signature value add program and enhance the overall resident experience.”

Built in 1997, the property offers a mix of one-, two- and three-bedroom floorplans, including townhome-style options. Select residences boast wood-burning fireplaces, double vanities in bathrooms and attached one- and two-car garages. Each residence features a patio or balcony and in-unit washers and dryers. Waterton plans to update residences to a modern finish level, including the addition of quartz countertops and tile backsplashes, stainless-steel appliances, new plank flooring, updated lighting and plumbing fixtures.

Amenities at Wyndchase Aspen Grove include a clubhouse with a game room, a fitness center and a dog park as well as two resort-style pools, an outdoor fireplace and an outdoor kitchen with grilling stations. Waterton’s value add plan includes upgrades to the clubhouse and fitness center and enhancements to the outdoor kitchen and grilling stations. The firm will also update mechanical systems, building exteriors and landscaping throughout the community.

The community is served by the Williamson County School District, one of Tennessee’s top-rated school districts, making it an attractive option for families. Situated less than 10 minutes from I-65, Wyndchase Aspen Grove is directly adjacent to the 45-hole Vanderbilt Legends Club and two miles from the Cool Springs Galleria retail center and a Whole Foods grocery store providing residents with convenient access to shopping, dining and entertainment options. The acquisition brings Waterton's owned and managed multifamily portfolio in Tennessee to over 1,550 units. 

About Waterton:

Waterton is a real estate investment and property management company with a focus on U.S. multifamily and hospitality properties. Founded in 1995, Waterton executes value add, core and credit strategies and manages a national portfolio of properties on behalf of institutional investors, family offices and financial institutions. Waterton is privately held and is headquartered in Chicago with regional teams throughout the United States. As June 30, 2026, Waterton’s portfolio includes approximately $10.0 billion in real estate assets. Visit Waterton’s website: www.waterton.com.

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Waterton Acquires 358-unit Landings at Pembroke Lakes Rental Community in Pembroke Pines, FL https://www.waterton.com/blog/2026/06/24/waterton-acquires-358unit-landings-at-pembroke-lakes-rental-community-in-pembroke-pines-fl/ Wed, 24 Jun 2026 16:54:00 +0000 https://www.waterton.com/blog/2026/06/24/waterton-acquires-358-unit-landings-at-pembroke-lakes-rental-community-in-pembroke-pines-fl/ (June 24, 2026 – Chicago, IL) – Waterton, a national real estate investor and operator, today announced it will expand its presence in Florida with the acquisition of The Landings at Pembroke Lakes, a 358-unit garden style apartment community located at 10650 Washington St. in Pembroke Pines, FL. The 27-acre community is built around a…

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(June 24, 2026 – Chicago, IL) – Waterton, a national real estate investor and operator, today announced it will expand its presence in Florida with the acquisition of The Landings at Pembroke Lakes, a 358-unit garden style apartment community located at 10650 Washington St. in Pembroke Pines, FL. The 27-acre community is built around a 45-acre lake offering green spaces, outdoor amenities and lakefront beaches. Waterton will implement a light value add program across residences and common areas at the property to better compete with existing product in this high barrier to entry market.

“The Landings at Pembroke Lakes is well positioned to serve renters seeking a more accessible option in the Fort Lauderdale and Miami region,” said Casey Mog, vice president of acquisitions at Waterton. “With its lakefront setting, green spaces and existing amenities the community  provides a strong foundation for a targeted value add program to enhance the resident experience while preserving an attainable housing option in this sought-after location.”

Built in 1989, the property offers a mix of one- and two-bedroom floorplans with screened-in patios or balconies, and in-unit washers and dryers in each residence. Waterton will execute a light value add program to update residences to a modern finish level, including the addition of upgraded appliances, lighting/ceiling fans, plumbing fixtures and countertops. 

Amenities include a resort-style pool, clubhouse, fitness center, dog park, tennis courts and sand volleyball courts, which will be refreshed as part of the planned renovation. The firm will also update mechanical systems and add new seating and shade structures to the community’s private lakefront beaches, providing a distinctive outdoor amenity rarely found in garden-style rental communities in the area.

The Landings at Pembroke Lakes is a 10-minute drive from I-75 and Florida’s Turnpike, offering convenient access to job centers in Fort Lauderdale, Doral, Sunrise, Plantation and Miramar. The community is also proximate to seven hospitals comprising over 5,000 beds and is a 10-minute drive from the Miramar Commerce Park business complex, which is home to approximately 15,000 office and light industrial jobs. The nearby Pines City Center offers residents a variety of shopping, dining and entertainment options.

The acquisition brings Waterton's owned and managed multifamily portfolio in Florida to 1,450 units. Walker & Dunlop represented both the buyer and seller in the transaction and also arranged acquisition financing.

About Waterton:

Waterton is a real estate investment and property management company with a focus on U.S. multifamily and hospitality properties. Founded in 1995, Waterton executes value add, core and credit strategies and manages a national portfolio of properties on behalf of institutional investors, family offices and financial institutions. Waterton is privately held and is headquartered in Chicago with regional teams throughout the United States. As March 31, 2026, Waterton’s portfolio includes approximately $10.1 billion in real estate assets. Visit Waterton’s website: www.waterton.com. 

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Waterton Acquires 212-unit Misora Rental Community in San Jose, CA https://www.waterton.com/blog/2026/02/05/waterton-acquires-212unit-misora-rental-community-in-san-jose-ca/ Thu, 05 Feb 2026 20:24:00 +0000 https://www.waterton.com/blog/2026/02/05/waterton-acquires-212-unit-misora-rental-community-in-san-jose-ca/ (February 5, 2026 – Chicago, IL) – Waterton, a national real estate investor and operator, today announced it will expand its presence in Silicon Valley with the acquisition of Misora, a 212-unit mid-rise apartment community located at 388 Santana Row in San Jose, CA. Offering convenient access to job centers and a wide range of…

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(February 5, 2026 – Chicago, IL) – Waterton, a national real estate investor and operator, today announced it will expand its presence in Silicon Valley with the acquisition of Misora, a 212-unit mid-rise apartment community located at 388 Santana Row in San Jose, CA. Offering convenient access to job centers and a wide range of local amenity options, Misora is well-suited for a variety of renters. Waterton will institute a broad value add program to upgrade residences and revitalize the amenity spaces. 

“We’re currently seeing favorable market dynamics and strong supply-demand fundamentals prevail across the Bay Area and throughout Silicon Valley,” said Ben Slack, vice president, acquisitions at Waterton. “Demand continues to be driven by the tech sector in this high-barrier-to-entry district that hasn’t seen a new apartment delivery in nearly a decade.” 

Built in 2013, Misora offers a rare variety of larger-than-average floorplans across studio, one-, two- and three-bedroom configurations. Half of the residences feature a loft configuration or a den and select units include a private balcony, further adding to the diverse appeal. Waterton will upgrade residences to a modern finish level including vinyl plank flooring and new lighting and plumbing fixtures throughout; quartz countertops; new backsplashes; and a new technology package. Stainless steel appliance packages and cabinets will be added as needed. 

The collection of amenities at Misora includes a lap pool, lounging pool and spa; a rooftop sundeck with barbeque and dining areas; a coworking lounge and conference center; fitness studio; a demonstration kitchen for community use; and private underground parking. Waterton plans to update furniture and fixtures in the amenity spaces, add new flooring and equipment in the fitness center and reconfigure underutilized spaces to maximize the resident experience.

Misora is proximate to the Westfield Valley mall, and walkable to one million square feet of neighborhood amenities including a variety of shopping, dining and entertainment options. The location is just a few blocks from the I-880 and I-280 interchange, providing residents with convenient access to employment centers to the north, south, east and west. 

The acquisition brings Waterton’s owned and managed multifamily portfolio to over 920 units in the Bay Area.

About Waterton:

Waterton is a real estate investment and property management company with a focus on U.S. multifamily and hospitality properties. Founded in 1995, Waterton executes value add, core and credit strategies and manages a national portfolio of properties on behalf of institutional investors, family offices and financial institutions. Waterton is privately held and is headquartered in Chicago with regional teams throughout the United States. As of September 30, 2025, Waterton’s portfolio includes approximately $9.7 billion in real estate assets. Visit Waterton’s website: www.waterton.com. 

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Waterton Acquires 395-unit Motif Residential Community in Woodland Hills, CA https://www.waterton.com/blog/2025/12/19/waterton-acquires-395-unit-motif-residential-community-in-woodland-hills-ca/ Fri, 19 Dec 2025 15:50:00 +0000 https://www.waterton.com/blog/2025/12/19/waterton-acquires-395-unit-motif-residential-community-in-woodland-hills-ca/ (December 19, 2025 – Chicago, IL) – Waterton, a national real estate investor and operator, today announced it has acquired the Motif apartment community as part of its core investment strategy. Motif is a 395-unit rental community at 21021 Erwin St. in Woodland Hills, CA. The community is located in the Warner Center master planned…

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(December 19, 2025 – Chicago, IL) – Waterton, a national real estate investor and operator, today announced it has acquired the Motif apartment community as part of its core investment strategy. Motif is a 395-unit rental community at 21021 Erwin St. in Woodland Hills, CA. The community is located in the Warner Center master planned community and less than five minutes south of a Waterton community acquired earlier this year, The Kitt at Warner Center. Waterton will rebrand the property as Sorrel at Warner Center.

“Motif stands out in a market where new development is limited,” said Kol Rath, VP, Acquisitions at Waterton. “The location in Warner Center provides convenient access to neighborhood amenities and employment nodes throughout the San Fernando Valley, and we look forward to updating the residences and common areas to a scope that will better compete with newer product in the area and enhance the resident experience.”

Built in 2015, the complex is well-suited for a light value add program across all residences. Renovation plans for residences – which offer one-, two- and three-bedroom configurations – include new quartz countertops, lighting and plumbing fixtures and general cosmetic updates. 

Amenities at Motif include two resort-style pools; a spa; grilling stations; a bocce ball court; an indoor fitness space with free weights, yoga and spin rooms; an outdoor fitness center; a dog park; and covered parking. Common areas will be updated and modernized, and plans include new exterior paint, improved landscaping and upgraded building systems. 

Situated in Warner Center, the location offers convenient access to employment nodes in and beyond the San Fernando Valley. The community is proximate to nearby amenities including Topanga Village and the Westfield Topanga mall.  The 1.1 million-square-foot Warner Center Business Park, the 1.8 million-square-foot Warner Center Plaza office complex and Kaiser Permanente Hospital are also nearby. Also proximate to the community, the proposed 52-acre Rams Village at Warner Center is slated to include a mix of uses ranging from retail, dining and office spaces to indoor and outdoor entertainment venues, as well as the permanent headquarters and practice facility for the Los Angeles Rams. 

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About Waterton:

Waterton is a real estate investment and property management company with a focus on U.S. multifamily and hospitality properties. Founded in 1995, Waterton executes value add, core and credit strategies and manages a national portfolio of properties on behalf of institutional investors, family offices and financial institutions. Waterton is privately held and is headquartered in Chicago with regional teams throughout the United States. As of June 30, 2025, Waterton’s portfolio includes approximately $9.5 billion in real estate assets. Visit Waterton’s website: www.waterton.com.

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Waterton Acquires 555-unit Country Club Lakes in Jacksonville, FL https://www.waterton.com/blog/2025/12/18/waterton-acquires-555-unit-country-club-lakes-in-jacksonville-fl/ Thu, 18 Dec 2025 15:32:00 +0000 https://www.waterton.com/blog/2025/12/18/waterton-acquires-555-unit-country-club-lakes-in-jacksonville-fl/ (December 18, 2025 – Chicago, IL) – Waterton, a national real estate investor and operator, today announced it has acquired Country Club Lakes apartment community in Jacksonville, FL. The 555-unit garden-style community is located at 4090 Hodges Blvd. and includes 45 buildings set on 48 acres in the Upper Southside submarket of southeast Jacksonville.  “We…

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(December 18, 2025 – Chicago, IL) – Waterton, a national real estate investor and operator, today announced it has acquired Country Club Lakes apartment community in Jacksonville, FL. The 555-unit garden-style community is located at 4090 Hodges Blvd. and includes 45 buildings set on 48 acres in the Upper Southside submarket of southeast Jacksonville. 

“We are pleased to announce the addition of Country Club Lakes to our growing portfolio,” said Maddison Leske, AVP, Acquisitions at Waterton. “The property presents a compelling opportunity to acquire a well-located suburban asset in a high barrier to entry submarket with significant value-add potential” 

Built between 1995 and 1997, Country Club Lakes offers one-, two- and three-bedroom floorplans, many with private screened-in patios or balconies. The community features a mix of classic, partially renovated and renovated units, providing Waterton the opportunity to implement a value-add program across the majority of the units. 

With the exception of the upgraded residences, which already include stainless steel appliances, white shaker cabinets and upgraded lighting and plumbing fixtures, Waterton will upgrade the apartment homes to a modern finish level and complete a light refresh within the common areas, strengthening the property’s competitive position with the submarket. 

Jeremy Stern, SVP, Acquisitions at Waterton remarked, “although Jacksonville has experienced elevated supply in recent years, the construction pipeline is slowing, and strong economic growth in the region continues to drive demand for quality rental housing.”

Country Club Lakes benefits from convenient access to major employment hubs, restaurants, beaches, and other lifestyle amenities, and is within a 10-minute drive of both the University of North Florida and the Mayo Clinic, two of the area’s economic anchors. The property is also proximate to St. Johns Town Center and just 20 minutes from Downtown Jacksonville, offering strong connectivity across the metro area. 

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About Waterton:

Waterton is a real estate investment and property management company with a focus on U.S. multifamily and hospitality properties. Founded in 1995, Waterton executes value add and credit strategies and manages a national portfolio of properties on behalf of institutional investors, family offices and financial institutions. Waterton is privately held and is headquartered in Chicago with regional teams throughout the United States. As of June 30, 2025, Waterton’s portfolio includes approximately $9.5 billion in real estate assets. Visit Waterton’s website: www.waterton.com. 

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Waterton and The NRP Group Acquire Development Site, Partner to Develop 368-Unit South Valley Apartments in Suburban Las Vegas, NV https://www.waterton.com/blog/2025/10/23/waterton-and-the-nrp-group-acquire-development-site-partner-to-develop-368-unit-south-valley-apartments-in-suburban-las-vegas-nv/ Thu, 23 Oct 2025 18:17:00 +0000 https://www.waterton.com/blog/2025/10/23/waterton-and-the-nrp-group-acquire-development-site-partner-to-develop-368-unit-south-valley-apartments-in-suburban-las-vegas-nv/ Prime Location Offers Proximity to Diverse Employment Options in Growing Enclave South of Las Vegas Strip (CHICAGO – October 23, 2025) – Waterton, a national real estate investor and operator, has partnered with The NRP Group, a vertically integrated developer, builder, and manager of multifamily housing, to acquire an 8.5-acre site on South Las Vegas Boulevard…

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Prime Location Offers Proximity to Diverse Employment Options in Growing Enclave South of Las Vegas Strip

(CHICAGO – October 23, 2025) – Waterton, a national real estate investor and operator, has partnered with The NRP Group, a vertically integrated developer, builder, and manager of multifamily housing, to acquire an 8.5-acre site on South Las Vegas Boulevard in Las Vegas, NV. The partnership today announced the financial close for the development of a 368-unit luxury rental community with construction scheduled to begin imminently. The project represents the first partnership between Waterton and The NRP Group as Waterton enhances its traditional value-add strategy with its first large-scale development project. 

“We’re excited to be partnering with such an experienced development firm to bring this project to life and further our development strategy,” said Kristi Nootens, senior vice president, development at Waterton. “This project offers an excellent opportunity to create a luxury rental community in a sunbelt market with relatively limited supply and strong employment growth in the immediate area.  The location is proximate to a variety of employment opportunities in a growing submarket where the costs of homeownership far exceed the costs of renting.”

The South Valley rental community will consist of two four-story, elevator-serviced multifamily buildings offering studio, one-, two, and three-bedroom floorplans with select one-bedrooms also featuring a den. Residences will include quartz countertops, subway tile backsplashes and stainless-steel appliances in the kitchens, with luxury vinyl plank flooring throughout. The resort-style amenity package will include an outdoor pool, two courtyards, and outdoor seating areas with firepits and grilling stations. A well-appointed club lounge, co-working space and conference room round out the amenity offerings planned at the community. 

“Partnering with Waterton has enabled us to bring high-quality housing to one of the nation’s fastest-growing regions,” said The NRP Group Vice President of Development Mike Moriarty. “As our first collaboration together, this project reflects our shared vision for creating a vibrant, thoughtfully designed community that meets the needs of today’s South Enterprise residents. With a prime location near major employment hubs, retail and entertainment, it offers residents a lifestyle that combines convenience and luxury living.”

Situated just 15 minutes south of the Las Vegas strip, the location will offer residents convenient access to diverse employment options including Levi Strauss & Co.’s regional office and distribution center, and the NFL’s Las Vegas Raiders headquarters and practice facility. Just five minutes from South Valley, HAAS Automation has begun construction on a new 2.4 million square foot headquarters and manufacturing facility that is expected to bring in 1,400 new jobs to the area, and the recent opening of the 150-bed West Henderson Hospital and plans for future expansion are expected to further contribute to economic growth and development in the area. Brightline West, a high-speed rail linking Las Vegas to Southern California with an estimated two-hour travel time, is expected to be complete in 2028 and will be a 10-minute drive from the property.

Waterton and The NRP Group are providing equity commitments while CIBC is providing a senior loan. The NRP Group will serve as general contractor and provide property management services. Delivery of the first residences is estimated for mid-year 2027 with completion targeted for early 2028.

About Waterton

Waterton is a real estate investment and property management company with a focus on U.S. multifamily and hospitality properties. Founded in 1995, Waterton executes value add and credit strategies and manages a national portfolio of properties on behalf of institutional investors, family offices and financial institutions. Waterton is privately held and is headquartered in Chicago with regional teams throughout the United States. As of June 30, 2025, Waterton’s portfolio includes approximately $9.5 billion in real estate assets. Visit Waterton’s website: www.waterton.com.

About The NRP Group

The NRP Group is a vertically integrated developer, owner, builder, and manager of multifamily housing with a mission to create exceptional rental housing communities for individuals and families, regardless of income. Since its founding in 1994, NRP has developed more than 62,000 apartment homes and currently manages over 30,000 residential units. The company’s formidable size and depth of talent provide the experience and infrastructure necessary to execute developments of varying degrees of complexity and scope in both urban-infill and suburban locations, including market-rate, affordable, mixed-income, and senior housing. For additional information, visit www.nrpgroup.com.

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Built on Values, Driven by Vision: Waterton Celebrates 30 Years in Buisiness https://www.waterton.com/blog/2025/10/21/built-on-values-driven-by-vision-waterton-celebrates-30-years-in-buisiness/ Tue, 21 Oct 2025 14:00:00 +0000 https://www.waterton.com/blog/?p=155 From Pop Tarts to $9.5 Billion in Real Estate Assets, Waterton Marks Three Decades of Growth, Leadership and Impact in Multifamily and Hospitality Real Estate (October 21, 2025 – Chicago, IL) – Waterton, a national real estate investor and operator, is celebrating 30 years of real estate investment and operations. The firm that began with…

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From Pop Tarts to $9.5 Billion in Real Estate Assets, Waterton Marks Three Decades of Growth, Leadership and Impact in Multifamily and Hospitality Real Estate

(October 21, 2025 – Chicago, IL) – Waterton, a national real estate investor and operator, is celebrating 30 years of real estate investment and operations. The firm that began with a meeting between two like-minded executives over a box of strawberry Pop Tarts, has grown into a nationally recognized multifamily and hospitality real estate owner and operator with a portfolio valued at $9.5 billion.

“When I look back on the last thirty years, Waterton has been so much more than an investment and property management firm.” said David Schwartz, CEO and Chairman at Waterton. “I’m extremely proud of the culture we have built and the dedication and high caliber of the people on our teams. From the very beginning, we have been committed to providing great places to live and work and great results for our investors and partners. Thirty years later, I’m happy to say that we remain steadfast in that mission – it’s a foundation that will carry us forward for decades to come.”

David Schwartz and Peter Vilim founded Waterton in 1995 based on a shared entrepreneurial spirit. The partnership was a perfect fit, matching Mr. Schwartz’s experience in acquisitions honed at Equity Residential Properties Trust and AMLI Realty Co., where the pair first met, with Mr. Vilim’s operational experience and pragmatic approach to business. 

A year after the storied Pop Tarts meeting, they made their first acquisition — a multifamily asset in Austin, TX – and, soon after, the firm closed its first $9.2 million fund. Over the last three decades, Waterton has continually evolved in strategy and grown in size. The firm’s multifamily portfolio currently includes 82 properties in 20 states totaling more than 30,300 units. 

Expanding Horizons

In 1998, Waterton expanded into construction and property management, and by 2002 the firm had surpassed $1 billion in assets under management. In 2007 the company acquired Presidential Towers in the largest multifamily deal in Chicago at the time. Based on this rapid expansion, Mr. Schwartz and Mr. Vilim realized the firm had outgrown its “lean and mean” roots and launched Waterton Residential with vertically integrated management, design and construction capabilities. In the following years, Waterton’s funds continued to grow incrementally, culminating in the closing of their latest $1.73 billion Venture XV fund in 2024. The firm has since entered in to ground up development in 2022, and mezzanine/preferred lending in 2024.

Over the years, Waterton has developed an approach to property management and operations that focuses on bringing the best of a hotel experience to their apartment communities, providing a higher level of hospitality and service to residents they call “Resitality®.” 

Waterton’s hospitality-oriented approach lead them into new territory in 2023, with the launch of its lifestyle hotel brand, Outbound Hotels. The company has since acquired hotel properties near adventure travel destinations in Jackson Hole, WY; Oakhurst, CA near Yosemite National Park; Stowe, VT; Mammoth Lakes, CA; and, Sedona, AZ, punctuating Mr. Schwartz’s passion for outdoor adventure. 

Alongside the company’s expansion, Mr. Schwartz has established himself as an influential leader in the broader multifamily real estate space. He served as chairman of the National Multifamily Housing Council from 2020-2022, one of the most dynamic and challenging periods in recent history. In addition to providing testimony before Congress on the need for rental assistance at the height of the pandemic, Mr. Schwartz remains a sought-after expert on housing matters across the country. 

In 2022, Mr. Schwartz was recognized, along with Mr. Vilim, for Outstanding Leadership in Real Estate by The Real Estate Center of DePaul. He was also recognized as a Multifamily Influencer by GlobeSt.com in 2019 and 2021 and was named “Executive of the Year” in 2023 by Multifamily Executive, a leading industry publication. Most recently, Schwartz was included among Crain’s Chicago Business’ “Whos’ Who in Chicago Business” class of 2025. 

Cultural Evolution … The Waterton Way

Camaraderie and integrity set the tone for Waterton’s strong company culture. The Waterton Way, the firm’s cultural cornerstone of values, champions honest communication and collaboration with accessibility to senior management giving associates the opportunity to talk through issues while embracing their different perspectives and having fun along the way. The five Waterton Way Tenets – Be Kind; Own It; Get It Done; Listen & Talk and Have Fun – promote accountability and integrity with a focus on results and a positive company culture that reflects the priorities of the company. 

“Just as we want our residents to love where they live, we want our associates to love where they work and to feel heard, valued and empowered to own their career growth and personal achievements,” said Vilim. “That’s what we call ‘The Waterton Way.’ We treat each other with kindness and respect. We trust our colleagues and appreciate their expertise and hard work. We teach and develop our associates to empower others to achieve their goals.”

A Strategic Approach to Giving Back

Mr. Vilim announced his semi-retirement, assuming the role of vice chairman in January 2017 to concentrate on working with philanthropic and civic organizations focused on eliminating housing insecurity and providing attainable housing for all. He continues to serve on Waterton’s Leadership, Investment and Valuation Committees.

In 2017, Waterton launched "Aligned," an employee-led philanthropic committee designed to align its philanthropic efforts with its business while inspiring employees to contribute to causes that reflect the company's values. It’s a mission that goes beyond financial support. The program encourages associate volunteerism and community-centric endeavors that add value to the lives of its associates and the communities they serve. 

“It’s humbling to see how far we’ve come,” said Mr. Vilim, who is personally involved in supporting charitable organizations including All Chicago and Inspiration Kitchen. “Waterton has always focused on establishing a lasting legacy of community investment and philanthropy and I’m so grateful to see our efforts bringing relief to those who need it most.” 

Mr. Vilim has been recognized for his considerable philanthropic work with organizations in the Chicago area, receiving the Norman H. Stone Award from All Chicago in 2020, and the Fr. Phill Marquard Legacy of Hope Award from Franciscan Outreach in September of this year. 

As part of the Aligned program, the firm established the Waterton Philanthropic Fund in 2017. This Donor Advised Fund (DAF) consolidates the charitable contributions made by individual Waterton associates, fostering firm wide collaboration. The DAF is Waterton’s primary source of gifts and sponsorships, and, since the fund’s inception, Waterton has raised over $11.4 million in support of initiatives such as homelessness prevention, supportive housing and other social impact causes. 

Waterton also established the Adrienne Smith Sarcoma Research Fund, a permanent endowment at the Northwestern Memorial Foundation, in honor of a long-time Waterton associate who succumbed to sarcoma in 2019.

Looking Ahead

Waterton’s dedication to finding the good and leaving it better has been recognized with honors including Kingsley Tenant Satisfaction Awards for Excellence across multiple properties; the National Association of Home Builders Multifamily Pillars of the Industry Award for Best Interior Merchandising and the Chicago Tribune’s Best Places to Work award from 2022 through 2024.

“Thirty years is a milestone — but it’s also a springboard. We’re proud of what we’ve built, and even more excited for what lies ahead,” said Schwartz. “With our mission as our compass and our vision as our guide, the next chapter promises to be our most exciting yet.”

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About Waterton:

Waterton is a real estate investment and property management company with a focus on U.S. multifamily and hospitality properties. Founded in 1995, Waterton executes value add and credit strategies and manages a national portfolio of properties on behalf of institutional investors, family offices and financial institutions. Waterton is privately held and is headquartered in Chicago with regional teams throughout the United States. As of June 30, 2025, Waterton’s portfolio includes approximately $9.5 billion in real estate assets. Visit Waterton’s website: www.waterton.com. 

The post Built on Values, Driven by Vision: Waterton Celebrates 30 Years in Buisiness appeared first on Waterton Residential, LLC Blog.

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