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4/30/24
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A real estate fund managed by Kennedy Wilson has partnered with Haseko Corporation on a $90 mil multifamily buy in Vancouver, WA. The venture acquired a two-property, 350-unit ($257k/unit) portfolio consisting of The Farmstead and Villas at 28th Street.
The two newly constructed, amenity-rich communities boost Kennedy Wilson’s presence in the Pacific Northwest that is currently approaching 13,000 market-rate and affordable apartment units.
The recently completed communities feature diverse floor plans across three different product types as well as expansive amenities, including secure gated access, fitness centers, dog parks, a pickle ball court, pet wash stations, natural green space, and walking trails. Located off Interstate 205, the communities sit within five minutes of each other and within 10 minutes of Portland, OR, providing residents with connectivity and immediacy to the area’s high-quality employers, sought-after recreation, and popular eateries.
Vancouver’s strong market fundamentals and population growth of 21% since 2010 have been driven by the expanding of the Vancouver Waterfront, the revitalization of downtown, and a favorable business climate that includes zero corporate or personal income tax.
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