Oceano Warner Center Honored as Best New Construction in Los Angeles by the California Apartment Association

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Dec 14, 2012, 10:55 ET

IRVING, Texas, Dec. 14, 2012 /PRNewswire/ -- The California Apartment Association has recognized TDI's Oceano Warner Center community with its prestigious "Best New Construction in Los Angeles" Award. Oceano Warner Center was developed by a partnership between TDI, affiliates of Dune Real Estate Partners and Oceano Partners.

Oceano Warner Center is a new 244 unit, 5.8 acre community located in Woodland Hills, California, featuring outstanding architecture and design, as well as a host of the most modern and cutting edge amenities. The community is awaiting confirmation of LEED Silver Certification from the U.S. Green Building Council.

"Our goal is to provide our residents with a unique, sustainable environment, a neighborhood feel and fabulous amenities," said Heidi Mather, Senior Vice President – Development. "We are honored that our efforts have been recognized by the California Apartment Association after a rigorous review process."

Design touches at the Oceano Warner Center include stoops to the outdoor patios along the exterior perimeters of the buildings, creating a neighborhood street with the ability to access the ground floor patios from the parking area.

Amenities include a two-story fitness center with advanced FreeMotion fitness equipment and a yoga area; a resort style pool and spa; an urban lounge; private movie theater and game room; outdoor fireplace and BBQ grills; business center, conference center and common area with Wi-Fi access; electric vehicle charging stations installed on property; and convenient recycling chutes located at each floor.

"Los Angeles is a demanding and competitive market," said Beverly A. Kenworthy, executive director of the California Apartment Association. "TDI was recognized for its innovation and leadership in the market and for raising the competitive bar for the entire community."

TDI is based in Irving, Texas, and currently has approximately 1,400 units under construction in in Texas, California and Arizona, and has asset management responsibilities over 4,700 units nationwide. In addition, TDI has plans to develop an additional 1,800 units over the next 12 months that are in various stages of planning and predevelopment, and is currently raising capital to complement their venture platforms in order to fund their expansion and business plan.

The firm offers investment management, pre-development, underwriting, marketing and asset management services as well as construction, financial and administrative services. www.tdire.com

Dune Real Estate Partners LP (or "Dune") is a real estate investment advisory firm which manages opportunistic private equity investment vehicles focused on real estate and real estate-related investments. Dune manages over $1.5 billion of equity capital and generally targets distressed opportunities, underperforming and undervalued assets and value creation opportunities across a broad range of real estate and real estate-related investments worldwide. Investments include single assets, portfolios, joint ventures and operating companies as well as real estate-related loans and debt securities.

Oceano Partners was formed in 2004 by Greg and Jeff Lennox, the family owners of P.L. Porter Co., which operated on the Oceano site from 1972-2005.

SOURCE TDI