BEVERLY HILLS, CA – Global real estate investment company Kennedy Wilson has purchased three multifamily communities in three separate, off-market transactions totaling $418 million, excluding closing costs.
The wholly-owned properties total 1,110 units and include the Palms at Peccole Ranch in Las Vegas, NV; La Privada in Scottsdale, AZ; and San Miguel del Bosque in Albuquerque, NM.
Kennedy Wilson plans to immediately implement a $19 million value-add asset management plan, which will include renovating more than 65% of the existing units, refreshing common areas and enhancing amenities.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
