Waterton Tops Woodland Hills Multifamily Deals

When David Schwartz’s Waterton extended its dealmaking streak into Southern California, it notched what’s likely to be the largest Woodland Hills multifamily sale of 2025.

Chicago-based Waterton’s $180 million acquisition of AMLI Warner Center apartments, now called The Kitt at Warner Center, from AMLI Residential was the priciest multifamily sale in Woodland Hills in the first three quarters of 2025, according to Los Angeles County tax assessor data. The deal also topped the entire county’s list of multifamily deals.

This is the latest installment in a feature providing a weekly update on top sales by market segment, based on TRD Data for given periods. Given that full-year data is not yet available at the tax assessor’s office, The Real Deal used the county records to rank the top sales for the first three quarters.

The 522-unit Kitt at Warner Center went for $344,828 per apartment.

AMLI Residential developed the San Fernando Valley property at 21200 Kittridge Street about two decades ago. It is within the master-planned community Warner Center, where Stanley Kroenke, the billionaire owner of the Los Angeles Rams, has proposed a $10 billion development.

The Kitt at Warner Center has one-, two- and three-bedroom apartments, a resort-inspired pool and spa, al fresco dining, a fire pit and a gym.

Monthly rents range from $2,105 to $6,358 for units spanning 695 square feet to 1,375 square feet, according to Apartments.com.

When Waterton acquired the property in July the firm said it would update the units and common areas within the following 12 months.

“What made it attractive was primarily the value-add upside,” Kol Rath, vice president of acquisitions for Waterton, said when the deal was announced. “The vast majority of units are in either original condition from 2007 or have been partially upgraded over the years. The common areas and amenities can be reconfigured and improved.”