“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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“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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“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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(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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(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.

“The strength of Waterton’s portfolio is driven in part by our associates and their specific expertise in investment strategy and driving portfolio performance,” said Lukowski. “Sean’s experience in property and portfolio-level decision making and cross-team collaboration as well as his curated network of investors, joint venture partners, brokers, property managers and lenders make him an excellent addition to the team as we look ahead to continued growth.” 

In his role, Mr. Jacobson will  be  responsible for multifamily investment strategies, portfolio construction and diversification strategies within Waterton’s value add fund platform,  including the execution of portfolio business plan strategies and fund/venture compliance. He will  work closely with the Investment Committee to assess opportunities and strategies to maximize operating performance. 

“I’m excited to be joining the team at Waterton and look forward to leveraging my experience in multifamily portfolio management to contribute to the growth and success of the firm ,” said Mr. Jacobson. “Waterton’s cycle-tested strategies and forward-thinking vision, combined with the strong company culture, was very attractive to me and I’m eager to hit the ground running.”

Prior to joining Waterton, Mr. Jacobson was Director of Real Estate at NexPoint Real Estate Advisors, a Dallas-based alternative investment firm, where he led acquisition, asset management and disposition initiatives for the multifamily platform representing 24,000 units. Prior to that, he worked as a Senior Acquisition / Asset Manager at Des Moines-based BH Equities, managing investment execution for multifamily acquisitions and a diversified portfolio. Mr. Jacobson’s background also includes managing investment execution in industrial, commercial, and retail assets. 

Mr. Jacobson earned a Master of Business Administration degree from DePaul University, with a concentration in real estate finance and investment analysis and a bachelor’s degree in business administration, from Central Michigan University. 

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 Waterton Hires Sean Jacobson as Senior Vice President, Portfolio Management appeared first on Waterton Residential, LLC Blog.

“The Mason is an excellent addition to our portfolio and we are thrilled to be back in the West Loop neighborhood of Chicago,” said Casey Mog, vice president, acquisitions at Waterton. “The favorable supply/demand dynamic in downtown Chicago, combined with the quality features of the units and common areas in this dynamic West Loop location, makes The Mason an attractive investment opportunity.”

Floorplans at The Mason include studio, one-, two- and three-bedroom apartment homes. Waterton plans to implement a light value-add program including in-unit flooring upgrades and enhancements to common areas and amenity spaces. 

The comprehensive amenity package at The Mason includes a rooftop deck with grilling stations, a variety of seating options and sweeping skyline views; a pool deck; an expansive fitness center; ample space for remote work; and a dog wash and dog run. The curated finishes throughout The Mason reflect the history of Chicago’s Fulton Market with contemporary brick accents and an authentic industrial aesthetic inspired by the architectural history of the neighborhood. Waterton will explore opportunities to reposition the common areas and optimize the use of space to enhance the resident experience.

Situated in Fulton Market at the corner of Ada Street and Lake Street, The Mason is located steps from Randolph Street’s Restaurant Row with the Fulton Street retail corridor a few blocks east. The location offers residents convenient access to top employment hubs including the McDonalds world headquarters, Google’s regional headquarters, Trammell Crow’s Fulton West and 400 Aberdeen Life Sciences campuses, and the Illinois Medical District. The community is adjacent to the CTA Green & Pink lines and walkable to the green spaces of Union Park to the west. 

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 March 31, 2025, Waterton’s portfolio includes approximately $9.6 billion in real estate assets. Visit Waterton’s website: www.waterton.com. 

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The sponsors, Miami beach-based Old Town Capital Partners, with a $270 million pipeline, and Continua Development, the US subsidiary of Constructora Capital, the 2nd largest developer in Colombia, began construction in December 2024 and the project is expected to be completed in Q4 2026. 

“With our established reputation as a multifamily sector specialist, we are proud to provide this gap financing to the experienced sponsor group developing URBANIA NoMi,” said Steve Carlson, executive vice president, capital markets at Waterton. “Upon completion, the project will provide much needed housing in a centrally located South Florida market.”

URBANIA NoMi will include resort-style amenities including a social lounge, media room and an indoor/outdoor fitness center which extends to the outdoor amenity featuring a resort-style outdoor pool, whirlpool spa, lounge areas, yoga lawn and summer kitchens. The development also includes a 256-stall parking garage and 11,182 square feet of ground floor retail. 

North Miami is located midway between Miami and Ft. Lauderdale and adjacent to the Golden Glades Interchange where I-95, Florida's Turnpike, and the Palmetto Expressway meet. Known as the "Crossroads of South Florida,” the central location and convenient access to transportation and job nodes has made North Miami one of South Florida's most popular sites for office users. Recreational opportunities abound in the area with numerous parks, beaches, and bays, along with a wide assortment of retail, dining and entertainment options.

Waterton invests in debt opportunities throughout the capital stack including U.S. agency mortgage backed securities investments and as a direct lender and preferred equity provider for construction and transitional/stabilizing multifamily projects throughout the U.S. As of June 30, 2025, Waterton has invested over $830 million in agency securities and over $220 million as a direct lender and preferred equity provider for ground up construction, value add/repositioning and stabilizing or interest rate-driven rescue capital across Class A and B multifamily properties in markets across the country.

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 March 31, 2025, Waterton’s portfolio includes approximately $9.6 billion in real estate assets. Visit Waterton’s website: www.waterton.com. 

The post Waterton Closes on $10 Million Preferred Equity Investment in the URBANIA NoMi Multifamily Development in North Miami, FL appeared first on Waterton Residential, LLC Blog.

(July 25, 2025 – Chicago, IL) – Waterton, a national real estate investor and operator, today announced it has acquired the AMLI Warner Center apartments, a 522-unit wrap-style community in Woodland Hills, CA. The gated community, located at 21200 Kittridge St. in the San Fernando Valley, will be rebranded as The Kitt at Warner Center. Built in 2007, the relative low density and physical condition of the complex makes it well-suited for Waterton’s value add program and brings Waterton’s holdings in the Los Angeles area to 3,316 units.

“We’re excited to welcome The Kitt at Warner Center into our portfolio,” said Kol Rath, vice president, acquisitions at Waterton. “The physical condition of the community presents an opportunity to execute a value add program within the residences and common areas allowing The Kitt at Warner Center to better compete with newer product in the market.”

Floorplans at The Kitt at Warner Center include one-, two- and three-bedroom apartment homes. Only a small percentage of rental units have been updated, leaving ample opportunity to upgrade residences to a modern finish. Renovation plans for residences include new stainless-steel appliances, quartz countertops, new cabinet fronts and hardware in kitchens and baths, as well as updated lighting and plumbing fixtures, backsplash, paint and vinyl plank flooring.

Amenities at The Kitt at Warner Center include a resort-style pool and spa; grilling stations with picnic tables; a fire pit and outdoor fireplace; a dog park and pet washing station; a jogging path with a six-station exercise par course and a well-equipped fitness center; and two structured parking garages. Common areas will be reconfigured to maximize use of the space and enhance the resident experience while plans also include updating the exterior paint to reflect a more contemporary color scheme.

Situated in the Warner Center master planned community, The Kitt at Warner Center is proximate to Route 101 and the De Soto / Kittridge Metro Orange Line station for convenient access to job nodes in and beyond the San Fernando Valley. The location at Warner Center provides residents with convenient access to live/work/play options including Topanga Village, 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. Also nearby, 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.

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 March 31, 2025, Waterton’s portfolio includes approximately $9.6 billion in real estate assets. Visit Waterton’s website: www.waterton.com.

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(July 31, 2025 – Chicago, IL) – Waterton, a national real estate investor and operator, today announced it has acquired 365 Nicollet, a 370-unit, 30-story high-rise apartment community in downtown Minneapolis, MN. The seller was a joint venture between Opus Development Company and Corebridge Real Estate Investors.

Located at 365 Nicollet Mall in Minneapolis’ Gateway District, the building is less than a five-minute walk to the nearest METRO Transit light rail station in the heart of the city’s downtown core and is connected to the Skyway System. “We are seeing an increase in demand for multifamily rentals in downtown Minneapolis, while new apartment supply is dwindling,” said Casey Mog, vice president, acquisitions at Waterton. “Those key market dynamics, combined with the walkable, transit-oriented location and the high-quality physical condition of the residences and common areas, make 365 Nicollet an excellent addition to our portfolio.”

Constructed, designed, and developed by Opus in 2018, 365 Nicollet presents an opportunity for Waterton to implement a light value add renovation program across residences and common areas. The unit mix includes studio, one-, two- and three-bedroom apartment homes. Finishes include stainless steel appliances, quartz countertops, vinyl plank flooring and floor to ceiling windows. The unit mix also includes 50 penthouse units with a higher end appliance package and hardwood floors.

The amenity package at 365 Nicollet features a fitness center and yoga studio, sauna, relaxation room, outdoor pool with lounge area, all-season jacuzzi, and grilling stations. Residents also have access to an entertainment kitchen, recreation lounge, co-working space, golf simulator, pet spa, dog run, bicycle storage, a controlled-access parking garage, and a well-appointed lobby and concierge level. Planned improvements include refreshed furniture, fixtures and equipment, as well as new flooring and equipment in the fitness center.

365 Nicollet is proximate to Minneapolis’ largest employers, including Wells Fargo, US Bank, Target, Piper Sandler, Ameriprise Financial, RBC Wealth Management, and the Federal Reserve Bank of Minneapolis. The location is walkable to the nearby Whole Foods grocer and the lifestyle amenities of the downtown district, as well as the myriad of retail and dining options of the adjacent North Loop neighborhood, while Target Field and Target Center are a short walk from the community. 365 Nicollet is also a few blocks from I-394, with convenient access to I-94 and the I-35W interchange.

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 December 31, 2024, Waterton’s portfolio includes approximately $10.0 billion in real estate assets. Visit Waterton’s website: www.waterton.com.

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