Waterton enters San Francisco market

Waterton has acquired Delphine on Diamond, formerly known as eaves Diamond Heights, in San Francisco neighborhood of Noe Valley.

Originally built in 1972 and located at 5285 Diamond Heights Blvd., the community features 154 units and consists of one-, two-, and three-bedroom apartment homes across two podium buildings with subterranean parking. The property is the first acquisition for Waterton in the city of San Francisco.

“Delphine on Diamond represents a strong relative value for residents priced out of the single-family home market,” said Peter Kuzma, senior vice president, acquisitions at Waterton. “As market conditions continue to evolve as we emerge from the pandemic, Noe Valley will remain one of the most popular neighborhoods in the San Francisco metro with its beautiful views and convenient access to public transportation, major highways and job centers. We plan to leverage our design and construction expertise to update the units, amenities and outdoor