Multifamily - Salt Lake City
Kennedy Wilson Buys East Valley M-F Complex for $61.8 Million
A Salt Lake City apartment community was recently acquired by an international real estate investment and services firm. Kennedy Wilson has paid a fee of around $61.8 million for the Foothill Place Apartments complex and has secured a financing deal with Berkeley Point Capital LLC in order to complete the acquisition. KW has invested $15 million of private equity in the transaction and for the balance of the purchase with Berkeley, along with the $49.7 million loan provided by Berkeley.
Purchase of $865M Portfolio Pushes RHP Properties Upward
RHP Properties is now the nation’s largest privately held owner and operator of manufactured-home communities, thanks to its most recent acquisition, of an $865 million manufactured-housing portfolio.
Fall Construction Start Eyed for 122-Unit CityScape Complex
By Alex Girda, Associate Editor CityScape Apartments is the latest luxury residential project destined for Downtown Salt Lake City, with construction set for a fall kickoff, the Salt Lake Tribune reported. Located at 150 S. 400 East in Salt Lake City, the 122-unit development is a collaboration betwen Wasatch Advantage and Strategic Multifamily, companies that [...]
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