Waterton invests in, develops, renovates, and operates multifamily rental housing and hospitality properties in major U.S. markets, serving institutional investors, family offices, financial institutions, and residents through value-add, ground-up development, property management, construction, and hospitality-oriented operating platforms and associated communities.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.
AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.
AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.
| Project | Overall | Structure & systems | Management & living |
|---|---|---|---|
| Outbound StoweStowe73 units | 7.5/ 10 | 8.2/ 10 Tripadvisor 4.3/5, 4.7/5 · 125 reviews · tripadvisor.com.au Almosafer 9.6/10 · 77 reviews · global.almosafer.com Combined from 3 published figures on 2 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 8.2. | 8.3/ 10 Tripadvisor 4.9/5, 4.6/5 · 125 reviews · tripadvisor.com.au Almosafer 9.2/10 · 77 reviews · global.almosafer.com Combined from 3 published figures on 2 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 8.3. |
Casai’s 9.0/10 from 356 guest reviews is the largest published review base and sets an 8.0/10 anchor; Tripadvisor independently reports 4.4/5 from 125 reviews, broadly consistent with that level. Repeated praise for staff, pool/hot tub, firepits, cleanliness and location supports the living score, while recurring noise and service issues plus one detailed severe physical-safety report pull the resident-experience score down to 7.5. | |||
Reviews generally describe the rooms as clean, comfortable and recently renovated, while also reporting inconsistent physical performance. One Tripadvisor reviewer reported failed A/C, unsafe splitter/extension-cord wiring, a slippery tilted tub, weak water pressure and water taking minutes to run hot; another reported “very very loudly” transmitted noise, and Casai excerpts also mention thin walls and steps needing better de-icing. | The dominant guest picture is an attractive, social outdoor hotel with strong amenities: reviewers repeatedly praise the “huge pool,” firepits, restaurant, location and welcoming staff. Operations were not uniformly smooth: guests reported a delayed room, an inattentive front desk, missing housekeeping supplies, unusable Wi‑Fi and noise so severe that one family said they “all slept about two hours each night.” | ||
| The Virginian LodgeJackson165 units | 7.0/ 10 | 6.8/ 10 | 7.9/ 10 Tripadvisor 4.7/5, 4.6/5, 4.5/5 · 391 reviews · tripadvisor.com Combined from 3 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.9. |
KAYAK's 8.6/10 aggregate, based on 946 reviews, is the largest published review base and sets a 7.2 converted anchor under the stated guest-rating convention. The score is reduced for recurring dated-room, noise and service complaints and modestly supported by repeated praise for cleanliness, staff and amenities; the resulting overall resident-experience proxy is 7.0, with structure and living shown separately because the evidence covers both. | |||
Reviewers commonly described the rooms as “functional but very comfortable and clean,” while others called them “dated and tired” and reported an old, dark bathroom and air conditioning that “did not seem to cool it.” One serious individual report said a door “didn’t latch well” and that an unlocked pool-equipment room did not seem safe; the owner acknowledged those concerns, but there is no published engineering or systems assessment. | Daily-life feedback is strongly amenity- and service-oriented: guests praised “extremely welcoming and helpful” staff, the pool, fire pits, coffee, food and social courtyard, while another found the pool “very noisy with children.” A separate review described a frustrating front-desk response to a missing remote battery, and another said the stay felt expensive despite being competitive locally. | ||
| Outbound MammothMammoth Lakes179 units | 5.8/ 10 | 5.5/ 10 KAYAK 5/10 · 1,472 reviews · kayak.com Booking.com 8.4/10 · 449 reviews · booking.com Tripadvisor 4.4/5 · 286 reviews · tripadvisor.com Combined from 3 published figures on 3 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 5.5. | 6.0/ 10 KAYAK 9.5/10, 7/10, 1.5/10 · 1,472 reviews · kayak.com Booking.com 8.7/10, 8/10, 7.3/10 · 449 reviews · booking.com Tripadvisor 4.3/5, 4.6/5, 4.1/5 · 286 reviews · tripadvisor.com Combined from 9 published figures on 3 platforms, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6. |
KAYAK has the largest review base and its published 7.9/10 guest rating sets the level, converted to 5.8 under the guest-rating curve. Tripadvisor is materially more positive, but its 286-review base is much smaller; recurring operational and condition complaints offset recurring praise, leaving the overall resident-experience proxy at 5.8. | |||
Physical-condition feedback is mixed. Guests reported that rooms could be clean and comfortable, but also described a “blocked” bathroom sink, “musty” rooms, loud or ineffective air conditioning, construction noise and intermittent Wi‑Fi; one review reported that the back door had no lock and no security camera in the rear parking lot. | Daily-life reviews praise “incredibly kind and helpful” staff, the “hot tub and cozy lobby,” dog-friendly policies and a walkable location. The negative reports describe jackhammer noise, long or ineffective complaint follow-up, surprise pet or resort-fee disputes and one guest who said the manager was “not hospitable at all.” |
Waterton and Almanac Realty Investors ("Almanac"), the private real estate investment arm of Neuberger Berman, today announced an agreement with a fund managed by Almanac to acquire a passive, minority ownership stake in Waterton.
Waterton, a national real estate investor and operator, has partnered with The NRP Group, a vertically integrated developer, builder, and manager of multifamily housing, to acquire an 8.5-acre site on South Las Vegas Boulevard in Las Vegas, NV.
Waterton and The NRP Group are providing equity commitments while CIBC is providing a senior loan.
(January 8, 2025) Chicago, IL– Waterton, in partnership with Strathcona Capital, today announced it has provided a $69.2 million senior construction loan for the development of 12th & Main
The borrower, Oregon-based Pahlisch Commercial, commenced construction in December 2024 and the project is expected to be completed in 2027.
The firm has partnered with Honolulu-based Tower Development, Inc., a vertically-integrated real estate company, which will bring enhanced market expertise and a local presence to property and construction management functions.
Waterton and Almanac Realty Investors ("Almanac"), the private real estate investment arm of Neuberger Berman, today announced an agreement with a fund managed by Almanac to acquire a passive, minority ownership stake in Waterton.
Waterton and Almanac Realty Investors ("Almanac"), the private real estate investment arm of Neuberger Berman, today announced an agreement with a fund managed by Almanac to acquire a passive, minority ownership stake in Waterton.
Waterton and Almanac Realty Investors ("Almanac"), the private real estate investment arm of Neuberger Berman, today announced an agreement with a fund managed by Almanac to acquire a passive, minority ownership stake in Waterton.
Waterton, a national real estate investor and operator, has partnered with The NRP Group, a vertically integrated developer, builder, and manager of multifamily housing, to acquire an 8.5-acre site on South Las Vegas Boulevard in Las Vegas, NV.
Waterton, a national real estate investor and operator, has partnered with The NRP Group, a vertically integrated developer, builder, and manager of multifamily housing, to acquire an 8.5-acre site on South Las Vegas Boulevard in Las Vegas, NV.
Waterton, a national real estate investor and operator, has partnered with The NRP Group, a vertically integrated developer, builder, and manager of multifamily housing, to acquire an 8.5-acre site on South Las Vegas Boulevard in Las Vegas, NV.
Waterton and The NRP Group are providing equity commitments while CIBC is providing a senior loan.
Waterton and The NRP Group are providing equity commitments while CIBC is providing a senior loan.
Waterton and The NRP Group are providing equity commitments while CIBC is providing a senior loan.
(January 8, 2025) Chicago, IL– Waterton, in partnership with Strathcona Capital, today announced it has provided a $69.2 million senior construction loan for the development of 12th & Main
(January 8, 2025) Chicago, IL– Waterton, in partnership with Strathcona Capital, today announced it has provided a $69.2 million senior construction loan for the development of 12th & Main
(January 8, 2025) Chicago, IL– Waterton, in partnership with Strathcona Capital, today announced it has provided a $69.2 million senior construction loan for the development of 12th & Main
The borrower, Oregon-based Pahlisch Commercial, commenced construction in December 2024 and the project is expected to be completed in 2027.
The borrower, Oregon-based Pahlisch Commercial, commenced construction in December 2024 and the project is expected to be completed in 2027.
The borrower, Oregon-based Pahlisch Commercial, commenced construction in December 2024 and the project is expected to be completed in 2027.
The firm has partnered with Honolulu-based Tower Development, Inc., a vertically-integrated real estate company, which will bring enhanced market expertise and a local presence to property and construction management functions.
The firm has partnered with Honolulu-based Tower Development, Inc., a vertically-integrated real estate company, which will bring enhanced market expertise and a local presence to property and construction management functions.
The firm has partnered with Honolulu-based Tower Development, Inc., a vertically-integrated real estate company, which will bring enhanced market expertise and a local presence to property and construction management functions.
| none found |
| United States | active 3 projects tracked |
| Hotel | 3 of 3 |
When I look back on the last thirty years, Waterton has been so much more than an investment and property management firm.Waterton Residential October 21, 2025https://www.waterton.com/blog/2025/10/21/built-on-values-driven-by-vision-waterton-celebrates-30-years-in-buisiness/
When I look back on the last thirty years, Waterton has been so much more than an investment and property management firm.Waterton Residential October 21, 2025https://www.waterton.com/blog/2025/10/21/built-on-values-driven-by-vision-waterton-celebrates-30-years-in-buisiness/
Mr. Schwartz holds a bachelor’s degree in economics from the University of Illinois
Mr. Schwartz holds a bachelor’s degree in economics from the University of Illinois
an MBA from the University of Chicago Booth School of Business
an MBA from the University of Chicago Booth School of Business
David Schwartz co-founded Waterton with Peter Vilim in 1995 and serves as CEO and Chairman.
David Schwartz — Waterton
He is a member of the executive committee, a senior officer and former chairman of the National Multi Housing Council (NMHC)
He is a governor of the Urban Land Institute (ULI)
Prior to co-founding Waterton in 1995, Mr. Schwartz was a vice president of acquisitions for Equity Residential Properties Trust (EQR-NYSE)
from 1985 through 1989, was with AMLI Realty Co.
When I look back on the last thirty years, Waterton has been so much more than an investment and property management firm.
When I look back on the last thirty years, Waterton has been so much more than an investment and property management firm.
David Schwartz co-founded Waterton with Peter Vilim in 1995 and serves as CEO and Chairman.
Mr. Schwartz is responsible for strategic decisions and leadership of the firm’s business activities and operations... Prior to co-founding Waterton... Equity Residential Properties Trust... AMLI Realty Co.
co-founded Waterton with
serves as CEO
serves as CEO and Chairman
30 years of real estate investment and operations experience
David Schwartz co-founded Waterton with Peter Vilim in 1995 and serves as CEO and Chairman.
As I transition my focus to the latter, I hope to find ways to apply the techniques, systems and technologies Waterton has developed to help preserve affordable housing and prevent homelessness.REJournals March 26, 2017https://rejournals.com/waterton-co-founder-vilim-set-to-shift-into-semi-retirement-as-vice-chairman/
As I transition my focus to the latter, I hope to find ways to apply the techniques, systems and technologies Waterton has developed to help preserve affordable housing and prevent homelessness.REJournals March 26, 2017https://rejournals.com/waterton-co-founder-vilim-set-to-shift-into-semi-retirement-as-vice-chairman/
Peter Vilim has a Master from DePaul University
Peter Vilim has a Master from DePaul University
a Bachelor in Accounting from University of Illinois
a Bachelor in Accounting from University of Illinois
Mr. Vilim co-founded Waterton with David Schwartz in 1995 and serves as vice chairman. Mr. Vilim assumed the role of vice chairman in January 2017
Peter Vilim — Waterton
Pete Vilim, Vice Chairman and Co-Founder of Waterton... recognized... nonprofit board leaders
Mr. Vilim also serves on the Board of Directors and is Chairman of the Finance Committee for the Housing Partnership Equity Trust
Peter Vilim was Investment Officer at Berkshire Realty Company
Peter Vilim was Investment Officer at AMLI Realty
As I transition my focus to the latter, I hope to find ways to apply the techniques, systems and technologies Waterton has developed to help preserve affordable housing and prevent homelessness.
As I transition my focus to the latter, I hope to find ways to apply the techniques, systems and technologies Waterton has developed to help preserve affordable housing and prevent homelessness.
Mr. Vilim co-founded Waterton with David Schwartz in 1995 and serves as vice chairman. Mr. Vilim assumed the role of vice chairman in January 2017
Vilim took over as vice chairman as a part of a planned semi-retirement plan... organizations that are focused on affordable housing and homeless services
co-founded Waterton with
serves as vice chairman
focused on affordable housing and homeless services
Mr. Vilim co-founded Waterton with David Schwartz in 1995 and serves as vice chairman. Mr. Vilim assumed the role of vice chairman in January 2017
Ms. Marszewski holds a Bachelor of Science in accountancy from the University of Illinois
Ms. Marszewski holds a Bachelor of Science in accountancy from the University of Illinois
Ms. Marszewski joined Waterton in 2019 and serves as managing partner and chief financial officer.
Tara Marszewski — Waterton
Prior to joining Waterton, Ms. Marszewski was CFO of Brookfield Properties’ retail group
She was previously chief accounting officer of General Growth Properties, Inc. (GGP)
prior to that spent 10 years in the real estate audit practice at KPMG
Ms. Marszewski joined Waterton in 2019 and serves as managing partner and chief financial officer.
An accomplished finance, strategy and operations executive, Ms. Marszewski brings almost 20 years of experience... Prior to joining Waterton... Brookfield Properties... General Growth Properties... KPMG.
new chief financial officer (CFO)
Certified Public Accountant
almost 20 years of experience
Ms. Marszewski joined Waterton in 2019 and serves as managing partner and chief financial officer.
I’m excited to be joining the team at Waterton and to leverage my skills and experience in bringing new development opportunities to the firm.Waterton Residential April 30, 2025https://www.waterton.com/blog/2025/04/30/waterton-grows-joint-venture-development-strategy-with-hiring-of-kristi-nootens-as-svp-development/
I’m excited to be joining the team at Waterton and to leverage my skills and experience in bringing new development opportunities to the firm.Waterton Residential April 30, 2025https://www.waterton.com/blog/2025/04/30/waterton-grows-joint-venture-development-strategy-with-hiring-of-kristi-nootens-as-svp-development/
Ms. Nootens holds bachelor’s degrees from Virginia Tech Pamplin School of Business
an MBA in real estate investment and finance from University of North Carolina Kenan-Flagler Business School
an MBA in real estate investment and finance from University of North Carolina Kenan-Flagler Business School
## Development Contact ## Kristi Nootens SVP Development Email (kristi.nootens@waterton.com)
## Development Contact ## Kristi Nootens SVP Development Email (kristi.nootens@waterton.com)
Waterton announced the hiring of Kristi Nootens as Senior Vice President, Development.
Kristi Nootens — Waterton
Prior to joining Waterton, Ms. Nootens was co-head of CP Capital US
Prior to that role, she worked as a project manager within the New York City Economic Development Corporation’s Strategic Investments Group
and in commercial property management at Boston Properties
I’m excited to be joining the team at Waterton and to leverage my skills and experience in bringing new development opportunities to the firm.
I’m excited to be joining the team at Waterton and to leverage my skills and experience in bringing new development opportunities to the firm.
In her role, she will originate and structure both mezzanine/preferred equity and joint ventures in development deals... responsible for establishing the firm’s development investment strategy... Prior to joining Waterton... co-head of CP Capital US... New York City Economic Development Corp... Boston Properties.
Senior Vice President, Development
joint venture multifamily development
an MBA in real estate investment and finance
Waterton announced the hiring of Kristi Nootens as Senior Vice President, Development.
where he earned a Bachelor of Science in Economics
He is a graduate of the University of North Carolina
Industry veteran John W. Gray has been hired to succeed Mr. Hurd as Managing Partner, Chief Investment Officer.
John W. Gray — Waterton
Most recently serving as CEO of Fabric Housing
Prior to that, he spent over a decade at Lennar
Prior to Lennar, Mr. Gray launched his career with positions at Grandbridge Real Estate Capital
and Crescent Communities
Industry veteran John W. Gray has been hired to succeed Mr. Hurd as Managing Partner, Chief Investment Officer.
Mr. Gray brings over 18 years of experience in real estate investment and development... CEO of Fabric Housing... Prior to that... Lennar... over 25,000 units developed and $8 billion in assets under management.
Managing Partner, Chief Investment Officer
over 18 years of experience in real estate investment and development
spent over a decade at Lennar
CEO of Fabric Housing
Industry veteran John W. Gray has been hired to succeed Mr. Hurd as Managing Partner, Chief Investment Officer.
Waterton’s reputation as a strategic leader in the multifamily industry and their outstanding corporate culture made them an ideal fit.Waterton Residential November 2, 2021https://www.waterton.com/blog/2021/11/02/waterton-welcomes-stephanie-brock-as-executive-vice-president-of-operations/
Waterton’s reputation as a strategic leader in the multifamily industry and their outstanding corporate culture made them an ideal fit.Waterton Residential November 2, 2021https://www.waterton.com/blog/2021/11/02/waterton-welcomes-stephanie-brock-as-executive-vice-president-of-operations/
Ms. Brock holds a bachelor’s degree in journalism from The University of Texas, Austin
Ms. Brock holds a bachelor’s degree in journalism from The University of Texas, Austin
Ms. Brock joins Waterton on November 16, based in Denver, CO, and will report directly to Waterton CEO and Chairman David Schwartz.
Stephanie F. Brock — Waterton
Prior to joining Waterton, Ms. Brock served as the senior vice president of multifamily asset management and operations at McWhinney Real Estate Services
She previously served as president of US Residential
and as senior managing director for Greystar Real Estate’s Central Mountain Division
Waterton’s reputation as a strategic leader in the multifamily industry and their outstanding corporate culture made them an ideal fit.
Waterton’s reputation as a strategic leader in the multifamily industry and their outstanding corporate culture made them an ideal fit.
Ms. Brock joins Waterton on November 16, based in Denver, CO, and will report directly to Waterton CEO and Chairman David Schwartz.
Ms. Brock will be responsible for leading the firm’s operations team and driving the overall operations strategy... With more than 30 years of experience... Prior to joining... McWhinney... US Residential... Greystar.
Managing Partner, Property Management
more than 30 years of experience in the multifamily sector
senior managing director for Greystar Real Estate
Ms. Brock joins Waterton on November 16, based in Denver, CO, and will report directly to Waterton CEO and Chairman David Schwartz.
0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.
| Project | Location | Type | Units | Floors | Area | Cost | Payment plan | Launched | Construction start | Original target | Handover | Delay | Confidence | Status |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Outbound Stowe | Stowe, United States | hotel | 731 | — | — | — | — | 2023 | September 21, 2023 | Sep 2024 | Sep 2024 | 0.0 mo (0.0 to 0.0) | estimated | completed |
| Outbound Mammoth | Mammoth Lakes, United States | hotel | 1791 | — | — | USD 34m estimated cost | — | 2021 | November 30, 2021 | Sep 2023 – Nov 2023 | Dec 2023 | +2.0 mo (+1.0 to +3.0) | sourced | completed |
| The Virginian Lodge | Jackson, United States | hotel | 1651 | — | — | — | — | 2020 | 2020-08-24 | Jun 2022 – Aug 2022 | Aug 2022 | +1.0 mo (0.0 to +2.0) | estimated | completed |
| Coverage | active |
| Tracked since | October 10, 2026 |
| Last checked | October 11, 2026 this month |
| Profile last researched | October 11, 2026 |
| Claim |