Real Estate

Kennedy Wilson Buys Portfolio For $198M

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The purchase includes three garden-style properties in Colorado and Arizona totaling 880 units. : Kennedy Wilson has acquired a portfolio of three multifamily properties across a pair of U.S. western states. Comprising a total of 880 residential units, the portfolio changed hands in a $198 million transaction. The three apartment communities are Rockrimmon, a 260-unit Colorado Springs, Colo., property; RockVue, a 220-unit Broomfield, Colo., property; and Tempe Station, a 400-unit property in Tempe, Ariz. The communities enlarge Kennedy Wilson’s multifamily portfolio focused on institutional-quality, garden-style rental communities in swiftly-expanding western U.S. markets.

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