Waterton has acquired the 406-unit Veranda La Mesa apartment community at 5353 Baltimore Drive in La Mesa, Calif., a popular suburb of San Diego. This marks the first acquisition for Waterton in the San Diego metro area.
“La Mesa offers proximity to the region’s largest job centers and educational institutions,” said Jeremy Stern, vice president, acquisitions at Waterton. “Beyond the substantial amenity offerings, the property has been well maintained, and past owners have made a concerted effort to create a high-quality rental experience.”
Situated on 18 acres and proximate to a diverse employment base, Veranda La Mesa offers a mix of studio, one- and two-bedroom apartment homes. The community includes a number of amenities, including multiple clubhouses, four swimming pools, six spas, a fitness center, a game room, a co-working lounge, a dog washroom, a tennis court, six on-site laundry facilities and two dog parks. The common areas and more than one-third
