Page 9 - Watermark_Offering Memorandum_GSP

DEMAND DRIVERS

1.6 Providence Cedars-Sinai Tarzana
MILES 1,300+ employees

2.3 Dignity Health Northridge
MILES 1,840+ employees | 750 physicians MARKET
OVERVIEW

2.6 Pierce College
MILES 22,000+ students | 500+ staff

Situated in the heart of Los Angeles’ San Fernando Valley, northwest of the intersection where
3.5 California State University, Northridge the 101 and 405 freeways meet, Reseda is a predominantly residential community with a
MILES 40,000+ students | 2,000+ staff commercial hub centered around its namesake Reseda Boulevard and Sherman Way. The allure

4.0 of its spacious and affordable suburban lifestyle combined with direct proximity to the region’s
MILES Westfield Topanga & The Village many education, health, and retail demand drivers, make Reseda a welcome respite for those
4.1 Northridge Fashion Center looking to escape the city’s congestion without sacrificing the amenities of urban living.
MILES
Founded as one of the “Wonder Towns of the San Fernando Valley,” the locale was put on
4.2 Kaiser Permanente Woodland Hills the map by the cult classic, “The Karate Kid,” and Tom Petty’s hit, “Free Fallin’.” Today the
MILES 600+ employees
neighborhood is experiencing a revitalization period thanks to the City Council initiative “Reseda

4.5 Warner Center Rising,” which is focused on the Sherman Way corridor around two catalytic projects: the Reseda
MILES Theatre redevelopment and Reseda Town Center. Such reinvestment efforts aim to restore the
6.0 community’s former glory as a center of Valley life.
MILES Sherman Oaks Galleria

09