MARCH 10, 2016

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Kennedy Wilson fund buys Seattle apartments for $141m

by Andrea Waitrovich

Kennedy Wilson Real Estate Fund V, a fund managed Kennedy Wilson, has purchased two multifamily properties in the greater Seattle area in separate transactions for a combined purchase price of $141 million.

Alara Harbour Pointe, a 230-unit apartment community located in Mukilteo, Wash., was bought for $46.5 million. The 383-unit Tivalli in Lynnwood, Wash., was purchased for $94.3 million.

Kennedy Wilson Real Estate Fund V closed in February 2016, raising $500 million of capital commitments.

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