Kennedy Wilson sells $422m multifamily portfolio

Kennedy Wilson has completed the sale of a $422 million, six-property multifamily portfolio totaling 2,199 units.
The asset sales generated cash proceeds of $223 million for Kennedy Wilson, its commingled funds and equity partners, including net proceeds to Kennedy Wilson of approximately $104 million. The company had a 41.3 percent average ownership in the six properties.
“This portfolio sale enables us to recycle capital into other…

Kennedy Wilson sells $422m multifamily portfolio
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