Atrio

Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present for sale Atrio (the “Property”), a 276-unit luxury multi-housing community located in the heart of Burbank, CA, one of the most dynamic and fundamentally sound markets in Southern California. Atrio offers spacious floor plans across a diverse unit mix, including one-, two-, three-, and four-bedroom residences, with units averaging ±999 square feet. Built in 2010, Atrio consists of 235 apartment units and 41 townhomes, of which 204 (74%) units have been recently renovated to deliver modern interiors and upgraded finishes. The opportunity exists to renovate the balance of market-rate units and capture significant near-term renovation upside.

Atrio delivers an attractive amenity package for residents, which was completely renovated by award-winning designer, Nadia Geller. The amenities include a resort-style swimming pool, state-of-the-art fitness center, resident theatre room, contemporary clubhouse, outdoor grilling stations, pet-friendly areas, and secure controlled access. The Property also provides 523 parking spaces within an on-site parking structure, ensuring convenient parking for residents and guests. Recently refreshed unit interiors feature stainless steel appliances, quartz countertops, wood-style flooring, private patios or balconies, and in-home laundry in select units, providing comfort and convenience throughout the Property.

The Burbank rental market is poised for increased demand, fueled by Paramount’s anticipated acquisition of Warner Bros., which is projected to bring significant investment to the area. Atrio is located just five minutes from Hollywood Burbank Airport and is in close proximity to major entertainment and technology employers including Netflix, Warner Bros. Studios, Walt Disney Studios, and Universal Studios. Investors also benefit from the Property’s City of Burbank location, which is exempt from the LA mansion tax, positioning Atrio as a compelling core-plus investment opportunity.