Monday, July 27, 2015

Waterton Associates Acquires Sunset Plaza Apartments in Southern California

  
CHICAGO, IL, July 27, 2015 – Waterton Associates LLC, a U.S. real estate investor and operator, today announced the acquisition of Sunset Plaza, a 183-unit rental community in Southern California’s San Gabriel Valley.

Located in West Covina, approximately 20 miles east of downtown Los Angeles, the five-building community includes a mix of studio, one-, two- and three-bedroom apartments with spacious condo- and townhome-style floor plans. On-site amenities include two outdoor pools, a fully equipped fitness center, resident clubhouse with business center, and a children’s playroom.

“We are actively scouting investment opportunities throughout Southern California, and the lack of multifamily development in and around West Covina over the past decade, along with projected population growth in the area, made this off-market transaction especially attractive,” said Mark Stern, senior vice president of acquisitions at Waterton Associates.

For a complete copy of the company’s news release, please contact:

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

Kim Manning, kmanning@taylorjohnson.com, (312) 267-4527

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