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Waterton, a Chicago-based real estate investor and operator, today announced it has acquired the G12, a 347-unit mid-rise apartment community in Downtown Los Angeles. Located at 1200 S. Grand Ave. in the South Park neighborhood, the community is proximate to the city’s financial district, higher education and medical campuses and LA Live. The acquisition for an undisclosed sum brings Waterton’s holdings in Los Angeles to 2,831 units.