LIV Bel-Red

September 14, 2016 Comments Off on Kennedy Wilson Pays $172M for Bellevue MF Views: 356 California, National News, Washington, West

Kennedy Wilson Pays $172M for Bellevue MF

Kennedy Wilson, headquartered in Beverly Hills, CA, acquired LIV Bel-Red, a 451-unit multifamily property at 2170 Bel-Red Rd., Bellevue, WA. The $172-million acquisition from seller Goodman Real Estate/Carlyle Group was made through KW’s Real Estate Fund V.

The Fund itself invested $58 million of equity, and secured a $115-million loan. The 10-year loan was obtained through Fannie Mae at a rate of LIBOR = 2.31%. KW is a 12% investor in Fund V, and has ownership interest in 10,344 units throughout the state of Washington. LIV Bel-Red was completed last year, and consists of four buildings with such amenities as rooftop decks that include lounge furniture, dining areas, outdoor televisions and barbecues.

Read More at Businesswire

Connect with Kennedy Wilson

For comments, questions or concerns, please contact Amy Sorter

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , , , , ,

Comments are closed.