Kennedy Wilson fund buys Seattle apartments for $141m
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.