Waterton Acquires Low-Density Chino Hills Rental Community

Waterton, a national real estate investor and operator, has acquired Reserve at Chino Hills, a 482-unit rental community in Chino Hills, for an undisclosed sum. The 20-acre garden style community at 4200 Village Dr. comprises 46 residential buildings and a clubhouse. Chicago-based Waterton will execute a muti-tiered value add program to encompassing residences and amenity spaces.

“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, VP 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, is one of only a few apartment properties spanning 100-plus units to come to market in Chino Hills over the past decade, according to marketing materials from JLL. The firm’s Blake Rogers led the sale process.

Inside The Story

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Order Reprints