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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.”

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Read more at Business WireConnect With Kennedy Wilson’s Zech

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
  • ◦Sale/Acquisition
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