Resmark Apartment Living Announces Ownership of New Apartment Community in Santa Clarita - The Townhomes at Lost Canyon

Fri May 10, 2013 1:00pm EDT

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Resmark Apartment Living Announces Ownership of New Apartment Community in Santa Clarita - The Townhomes at Lost Canyon

Leasing office now open, first move-ins expected in mid-May

Resmark Apartment Living, a division of The Resmark Companies, announced today that it has acquired the interests of its former joint venture partner Archstone, and now wholly owns a new 157-unit community offering superior rental residences in Santa Clarita, California, newly renamed The Townhomes at Lost Canyon. The leasing office for this highly anticipated community opened April 29.

“We founded Resmark Apartment Living in 2010 and have been steadily growing our investments in high-quality, well-located multifamily communities. The Southern California apartment market has helped to lead the real estate recovery, particularly with high-quality new properties that are close to business centers and community amenities, like The Townhomes at Lost Canyon,” said Rob Goodman, Chairman and CEO, The Resmark Companies.

Set on approximately 12.5 acres at the corner of Lost Canyon Road and Via Princessa, The Townhomes at Lost Canyon are adjacent to the prestigious Fair Oaks Ranch master planned community. The location offers easy access to Interstate 5, one of the region’s major transportation corridors, and the Via Princessa Metrolink Station, both providing connections to the area’s major business centers in the San Fernando Valley and Los Angeles. The Santa Clarita Valley itself is a thriving job center with film production, high-tech and biomedical companies among the major employers. Its substantial population has attracted many restaurants and retailers. The Townhomes at Lost Canyon is close to many shopping, dining and entertainment options including the nearby Golden Valley Plaza shopping center, as well as Santa Clarita’s multitude of parks and recreation areas.

Designed to complement the adjacent single-family neighborhoods, The Townhomes at Lost Canyon include spacious indoor and outdoor living spaces set amid abundant landscaped open space ideal for enjoying the temperate Southern California climate. The community’s many on-site amenities include a resort-style pool and spa, open-air pool side lounge, yoga lawn, business and fitness centers, dog park, playground and barbecue area.

Each residence has three bedrooms with two baths and powder room, and a two-car garage offering direct home access. The well-appointed interiors reflect a warm color palette with wood-grained flooring, stone and plush bedroom carpeting. Kitchens are a cook’s delight with European-style cabinetry, quartz countertops and GE Cleansteel® appliances. Select units have dens, extended private patios with fireplaces, balconies and patios; all homes include upper-level laundry areas. The topography of the site provides many townhomes with mountain views.

“Santa Clarita is a desirable community with strong schools, which makes it particularly attractive to young professionals with families. We are excited to develop targeted product to meet this demand,” added Ziv Cohen, Chief Operating Officer, Resmark Apartment Living.

Construction of the Townhomes at Lost Canyon began in February 2012. Resmark completed development of the project and has retained Lincoln Property Company to manage the community.

Resmark Apartment Living owns or is a joint venture partner in numerous apartment communities in select markets in the Western U.S., including cities throughout California, Arizona and Washington. Premier apartment communities owned by Resmark in Southern California include The Avenue, a collection of 180 luxury residences including eight two-story penthouses in Hollywood; and Union Place, with 125 two- and three-bedroom residences in a residential neighborhood in Placentia.

About The Resmark Companies

Founded in 1995, Resmark is a leading national private equity firm focused on real estate and powered by core foundational discipline and focus. A fully integrated real estate investment group, The Resmark Companies’ divisions — Resmark Land and Housing, Resmark Apartment Living and Resmark Shopping Centers — finance, acquire, develop and manage real estate in the Western United States, including California, Washington and Arizona, as well as in other select major metropolitan markets nationwide. To date, Resmark has participated in over 140 projects encompassing more than 23,000 single-family and multifamily residential units. Headquartered in Los Angeles, Resmark also maintains corporate offices in San Diego and La Jolla. For additional information, please visit www.Resmark.com

Note: For additional information, please visit the leasing office at 18179 W. Terra Verde Place, located off of Lost Canyon Road just west of Via Princessa. Floor plans, detailed information about the community and leasing office hours are available at www.LostCanyonTownnhomes.com.

Casey & Sayre, Inc. for Resmark
Karen Diehl, 310-473-8090

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