Kennedy Wilson and Haseko Complete $90 Million Acquisition of Two Multifamily Communities Totaling

Kennedy Wilson's real estate fund has partnered with Haseko Corporation to acquire The Farmstead and Villas at 28th Street communities in Vancouver, Washington, totaling 350 multifamily units for $90 million. This acquisition expands Kennedy Wilson's presence in the Pacific Northwest to nearly 13,000 apartment units. The partnership aims to leverage experience in multifamily investments and institutional asset management practices. Haseko sees this venture as a significant step in their growth strategy within the mainland U.S., emphasizing collaboration with local investors for sustainable growth. The communities offer diverse floor plans and amenities, strategically located near Portland, Oregon, benefiting from Vancouver's strong market fundamentals and population growth driven by various development projects and a favorable business climate.

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