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Kennedy Wilson Partnership Pays $237M for Westchester Apartments
Kennedy Wilson has partnered with Kenedix, Inc. and Hulic Co., Ltd. to acquire Carraway, a 421-unit multifamily community in West Harrison, NY, for $237 million. The property has experienced strong leasing momentum, with rents increasing more than 5% over the past year, while remaining affordable relative to New York City housing alternatives.
Completed in 2021 by Toll Brothers Apartment Livin, the Class A property is located at 105 Corporate Dr. in West Harrison and includes approximately 6,400 square feet of ground-floor retail. The property was the developer’s first completed project in New York.
“Carraway represents a rare opportunity to acquire a high-quality, recently constructed multifamily community in one of the most desirable suburban markets in the New York metropolitan area,” said William McMorrow, chairman and CEO of Kennedy Wilson..“The acquisition extends Kennedy Wilson’s investment platform across the East Coast and expands our investment management platform alongside our valued partners Kenedix and Hulic.”
- ◦Sale/Acquisition
