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Warmington Properties, Inc.


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Warmington Properties, Inc.


Warmington Properties, Inc. is a full-service real estate company specializing in acquisitions and asset management.

With a total value of more than $875 million in assets under management, WPI’s portfolio includes 10 apartment communities, 2 student housing projects and 18 commercial properties. Our expertise covers a wide range of property sizes, asset classes, product types, ages, geographies and demographics throughout California, Nevada, and Arizona.

Since 1971, continued growth and asset appreciation has been directly tied to a diversity of property types and outstanding tenant relations.

Apartments Warmington Properties' apartment portfolio includes 10 communities and 2 student housing projects in California and Nevada, with 2,386 residential units.

Apartments
Warmington Properties' apartment portfolio includes 10 communities and 2 student housing projects in California and Nevada, with 2,386 residential units.

Commercial Warmington Properties’ commercial portfolio is comprised of 18 assets with a wide range of product types including industrial, retail, office, and marinas.

Commercial
Warmington Properties’ commercial portfolio is comprised of 18 assets with a wide range of product types including industrial, retail, office, and marinas.

Acquisitions Warmington Properties continues to aggressively pursue acquisition and development opportunities in pursuit of expanding our portfolio.

Acquisitions
Warmington Properties continues to aggressively pursue acquisition and development opportunities in pursuit of expanding our portfolio.

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Apartments


Apartments


Apartments   |   Commercial   |   Acquisitions

Apartments

Warmington Properties' apartment portfolio has a total value of more than $510 million and is comprised 12 communities in California and Nevada, with 2,386 residential units. Each of these communities are of a varying product type including two- and three-level buildings with stacked-flats as well as two-story townhome-style. Product diversity is the result of a corporate objective to develop or acquire a balanced portfolio that meets current demands, protects the investment and maximizes returns, and provides long-term income growth and appreciation.

Visit us:

» Apartment Communities
» FPI Management

California  Unit Count
Casa Grande ApartmentsCypress, CA 477
Cerca Student Housing at SDSUSan Diego, CA17 (82 Beds)
Sycamore LaneMission Viejo, CA208
Serrano HighlandsLake Forest, CA240
Sycamore Greens Vista, CA 160
Zuma at San Diego State UniversitySan Diego, CA24 (108 Beds)
6 Communities Total 1,126

*Currently under construction

Nevada  Unit Count
The Clubs at Rhodes RanchLas Vegas, NV 270
Parkside VillasLas Vegas, NV 200
Everett Apartment HomesLas Vegas, NV 176
Chandler Apartment Homes Las Vegas, NV 320
Martin Apartment HomesLas Vegas, NV 90
Solana Apartment Homes*Las Vegas, NV 204
6 Communities Total 1,260
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Commercial Properties


Commercial Properties


Apartments   |   Commercial   |   Acquisitions

Commercial

Warmington Properties’ commercial portfolio has a total value of more than $350 million in assets under management and is comprised of 18 assets, with a wide range of product types including industrial, retail, office, and marinas. Our properties are strategically located throughout California and Arizona and offer competitive lease rates. Low turnover is achieved at the properties through responsive management and personalized attention.

INDUSTRIAL   Square Feet
Alicia Business Center Mission Viejo, CA 80,596
Dyer Business Park Santa Ana, CA 149,900
Park La Habra La Habra, CA 120,796
Los Alamitos Business Park Los Alamitos, CA 124,630
Universal Alloy Industrial Park Anaheim, CA 191,500
Batavia Business Center Orange, CA 130,808
Harrison Avenue Centre Industry, CA 154,068
Chino Spectrum Business Park Chino, CA 213,693
Acoma Business Center Scottsdale, AZ 34,109
9 Properties Total 1,200,100
RETAIL / SPECIALTY   Square Feet
Honali Plaza (Alicia Center) Laguna Hills, CA 78,893
Foothill Plaza Glendora, CA 76,418
Jeronimo Business Center Mission Viejo, CA 85,224
Stater Bros. Center (Baker-Fairview) Costa Mesa, CA 40,866
Imperial Promenade Anaheim Hills, CA 42,860
LA Fitness - Irvine Irvine, CA 41,000
6 Properties Total 365,261
OFFICE   Square Feet
Pullman Building Costa Mesa, CA 51,783
Mitchell Building Irvine, CA 35,500
2 Properties Total 87,283
MARINAS   Slips
Richmond Bay Marina Richmond Bay, CA 850
1 Property Total 850
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Acquisitions


Acquisitions


Apartments   |   Commercial   |   Acquisitions

Acquisitions

Warmington Properties continues to aggressively pursue acquisition and development opportunities in pursuit of expanding our portfolio. We are currently looking to acquire value-add and stabilized core-plus properties.

Looking to acquire:

Value-Add Properties
Assets in need of moderate-to-extensive capital expenditures, which includes renovation, repositioning, and improvement in management and marketing.

Stabilized Core-Plus Properties
Assets requiring limited capital, generally stabilized with some upside potential, although not to the same extent as the “value added” category.
 
Acquisition Preferences:
•  Locations:

California
Colorado
Utah
Pacific Northwest
Las Vegas MSA
Phoenix MSA

•  Apartments:

   — Class A or B property types
   — 50-300 unit counts

•  Industrial:
   — Multi-tenant
   — Minimum purchase price of $5 million.
 
Suggested Items for Submittal Package:
•  Asking price
•  Basic property description
•  Map
•  Aerial photograph(s)
•  Color property photographs
•  Current rent roll
•  Prior two years actual and current YTD operating statements
•  Current tax bill
•  Terms of financing, if applicable
•  Market information including sales and rental comps

Acquisitions Contacts:

Commercial Acquisitions
David Clark
President
Warmington Properties 
David.Clark@Warmingtongroup.com
(714) 434-4350 

Apartment Acquisitions
Greg Oberling
Vice President, Multifamily Properties
GregO@WarmingtonGroup.com
(702) 248-4883

Sean Ettlin
Multifamily Properties, Acquisitions
SeanE@WarmingtonGroup.com
(714) 434-4433