Kennedy Wilson Lends $95M on Santa Clarita Apartment/BTR Project

Kennedy Wilson’s debt platform provided a $95-million senior construction loan to a joint venture between Greystar Real Estate Partners and The Resmark Cos. The funds will go toward development of a multifamily and build-to-rent project within the mixed-use, master-planned Sand Canyon Plaza in Santa Clarita.

The community will feature 259 rentable multifamily units and 64 build-to-rent townhomes. Multifamily residents will have access to a fitness center, club room, courtyard, game lounge, coworking space and a fourth-floor sky deck with unobstructed mountain views. The build-to-rent townhomes will offer green space areas, multiple open turf play areas and a tot lot catering to young families.

Upon completion, the 87-acre Sand Canyon Plaza will feature parks, open spaces, a walking trail system and a 45,000-square-foot retail center anchored by Sprouts Farmers Market, scheduled to break ground later this year.

Industry leaders and power players are connecting at Connect Phoenix Multifamily & Single-Family Build-to-Rent on April 18 at the Westin Kierland Resort & Spa. Don’t miss the expert’s take on where the market is headed, and what changes are on the horizon. Register Now!

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