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California  + Los Angeles  + Apartments  | 

Waterton Acquires 522-Unit Warner Center Apartments

Chicago-based real estate investor and operator Waterton has acquired the AMLI Warner Center apartments, a 522-unit wrap-style community in Woodland Hills. 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 complex is well-suited for Waterton’s value-add program, thanks to low relative density. The acquisition brings Waterton’s Los Angeles-area holdings to 3,316 units.

“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,” said Kol Rath, VP, acquisitions at Waterton.

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. The location at Warner Center provides residents with convenient access to live/work/play options.

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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).

  • ◦Sale/Acquisition
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