Kennedy Wilson (KW) Acquires Capitol Towers in Sacramento, CA for $64 Million
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Kennedy Wilson (NYSE: KW) announced the acquisition of Capitol Towers, a 409-unit apartment community in Sacramento, CA. The company and its partners purchased the property for $64 million, with $50 million in financing from HFF/Freddie Mac at 3.51%, fixed for seven years.
Kennedy Wilson will invest 50% of the equity in the deal. The acquisition increases the company’s multifamily portfolio to ownership interests in 13,876 units, including deals currently under contract.
Kennedy Wilson will invest 50% of the equity in the deal. The acquisition increases the company’s multifamily portfolio to ownership interests in 13,876 units, including deals currently under contract.
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