(Save the Date: RealShareOrange County 2012 comes to the Hyatt Regency,Irvine, August 16 and also save the date for RealShareApartments, which comes to the WestinBonaventure, Los Angeles, October 24.)
HUNTINGTON BEACH, CA-Kennedy Wilson and itspartners acquired Via Verde, a 277-unit apartmentcomplex here for $65.7 million. The firm placed a$47.8-million 10-year loan on the property from Freddie Mac at3.59%.
“North Orange County is undergoing a tremendous renaissance ofnew multifamily and commercial development, creating a criticalmass of new housing and retail amenities,” explains RobertHart, president of KW Multifamily ManagementGroup. “The nearby 800,000-square-foot Bella Terralifestyle mall and the new Costco will drive tremendous traffic toVia Verde, and we plan to position the property into one ofHuntington Beach’s top active lifestyle rental communities.”
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