David Schwartz Of Waterton Acquires 395-Unit Motif Apartment Complex From Robert E. Hart

The property asset involved in this transaction is a multifamily complex located at 21021 Erwin Street in Woodland Hills. The asset features 395 residential units and was built in 2015. The property will undergo light value-add renovations, which include updated quartz countertops, lighting, plumbing fixtures, and cosmetic improvements.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Buyer: David Schwartz - Waterton
• Seller: Robert E. Hart - TruAmerica
• Units: 395
• Note: The property will be rebranded as Sorrel at Warner Center and this is Waterton’s second acquisition in Warner Center this year.

The key individuals involved in this transaction are David Schwartz representing Waterton, the buyer, and Robert E. Hart representing TruAmerica, the seller. Their roles were crucial in the execution of the property transfer and the planned renovations to enhance the asset's appeal in the market.