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The 880 units were acquired by Kennedy Wilson and various investment vehicles managed by Kennedy Wilson. The new portfolio adds to the firm's growing multifamily presence in the Mountain States.
MacManus will lead the company's expansion along as well as operations of its sales team, driving strategic growth and broadening its origination network.
While investors may not anticipate significant CapEx events early in the life of a building, proper due diligence can mean the difference between a profitable investment and a loss.
With indoor performances cancelled across the country, South Florida's warm weather provided the unique opportunity for mixed-use developers and for companies to reimagine their facilities.
Art Jimenez Jr. served as controller at the Hudson Yards mega-development in Manhattan from 2015 to 2018, where he oversaw some $23 billion of construction projects.
The firm will launch and begin accepting new investments into its next fund soon, continuing its growth strategy aimed at opening a new fund offering every two years or so.