December 5, 2016 Comments Off on Kennedy Wilson Closes $363M of MF Deals Views: 220 California, California News, Top California Stories, West

Kennedy Wilson Closes $363M of MF Deals

Beverly Hills, CA-based Kennedy Wilson completed a series of separate multifamily transactions in California and Oregon totaling $363 million. The investment company was able to generate excess capital through the transactions, while growing the cash flow of its portfolio.

The deals include the disposition of The Grove, a 331-unit apartment community in San Jose, CA for $96 million, a $175-million refinance of Bella Vista at Hilltop, a 1,008-unit apartment community in the San Francisco Bay Area, and the acquisition of Alara Hedges Creek, a 408-unit apartment community in a suburb of Portland, OR for $93 million.

Kennedy Wilson Multifamily Investments’ Kurt Zech says, “These transactions allowed us to harvest gains, improve the quality of our portfolio and lock in attractive long term financing.”

Read more at Business Wire

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