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Kennedy Wilson, Haseko Acquire Two MF Properties in Vancouver for $90M
A real estate fund managed by Kennedy Wilson has partnered with Haseko Corp. to purchase two newly constructed communities in Vancouver, Washington, for $90 million.
The 350-unit portfolio includes the Farmstead and the Villas at 28th Street communities. The two properties were recently completed and feature diverse floor plans across three different product types as well as expansive amenities.
“This transaction furthers our corporate goal of growing our investment management platform alongside great strategic partners while leveraging our long-term experience of investing in multifamily across the Pacific Northwest,” said William McMorrow, Chairman and CEO of Kennedy Wilson.
Vancouver’s strong market fundamentals and population growth of 21% since 2010 have been driven by the expansion of the Vancouver Waterfront and the revitalization of downtown.
“This is a landmark achievement in our growth strategy within the mainland U.S., solidified through our new partnership with Kennedy Wilson,” said Kain Matsumoto, Chairman and President of Haseko North America, Inc.
