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Real Estate Investment Kennedy Wilson
April 30,2010: International real estate investment and services firm Kennedy Wilson today announced that the company has acquired a large apartment community in northern California. Kennedy Wilson purchased a 100% equity interest and assumed the existing financing.
Robert Hart, president and CEO of Kennedy Wilson Multifamily, commented, “This project exemplifies our ability to leverage our services platform to source deals through our long standing relationships with principals and lenders. We were asset and construction managers of the property and with this acquisition, remain committed to the project.” Kennedy Wilson served as the construction and asset manager of the property, which was fully renovated in 2008 and is currently 95% leased.
Within the past year, Kennedy Wilson has acquired over 1,600 residential units and over 60 loans secured by real estate. Chairman and CEO of Kennedy Wilson William McMorrow stated, “This transaction represents the company’s current focus on acquisitions and speaks for the strength of our platform. As a vertically integrated real estate investment and services company, we have the resources and network to take advantage of opportunities in virtually any sector of real estate.”
About Kennedy Wilson
Founded in 1977, Kennedy Wilson is an international real estate investment and services company headquartered in Beverly Hills, CA with 22 offices in the U.S. and Japan. The company offers a comprehensive array of real estate services including property and asset management, brokerage and auction services, and construction and trust management. Through its fund management and separate account businesses, Kennedy Wilson is a strategic investor and manager of real estate investments in the U.S. and Japan.
SOURCE Kennedy Wilson
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Kennedy Wilson Announces Significant Multifamily Acquisition is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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