WEST COVINA, CA-Beverly Hills-based Kennedy-Wilson Holdings Inc.has picked up Torrey Pines, an apartment complex consisting of 251units in West Covina, along with its partners. The purchase priceof the apartment community was $43.7 million.
Kennedy-Wilson and its partners secured $33 million in financingfor the acquisition. They obtained the 10-year fixed-rate loan fromFreddie Mac. Kennedy-Wilson did not reveal its partners in thetransaction. For the full story, go to Los Angeles Business Journal .
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