Kennedy Wilson, Haseko acquire two multifamily communities in Vancouver, Wash., for $90m

A real estate fund managed by Kennedy Wilson has partnered with Haseko Corporation to acquire The Farmstead and Villas at 28th Street communities in Vancouver, Wash.

The portfolio, which totals 350 multifamily units, was acquired for $90 million.

The two newly constructed, amenity-rich communities build on Kennedy Wilson’s significant multifamily presence in the Pacific Northwest that is currently approaching 13,000 market-rate and affordable apartment units.

“This transaction furthers our corporate goal of growing our investment management platform alongside great strategic partners while leveraging our long-term experience of investing in multifamily across the Pacific Northwest,” said William McMorrow, chairman and CEO of Kennedy Wilson. “Building on our 30-year history in Japan, we are thrilled to close our first joint venture with Haseko, an organization that shares our investment values as well as our focus on institutional asset management practic