|
|
8/24/22
|
Kennedy Wilson has acquired Cantata at the Trails, a 260-unit apartment community in Albuquerque, NM. Cantata at the Trails is the fifth addition to the company’s rapidly expanding Albuquerque property portfolio, which has grown to over 1,700 units since Kennedy Wilson first invested in the market three years ago.
Constructed in 2013, the suburban, garden-style community includes, one-, two-, and three-bedroom units with access to a clubhouse, swimming pool, business center, and fitness center, as well as communal grilling and lounging areas. Cantata at the Trails is located four miles from Coors Blvd, one of the city’s major north-south thoroughfares, and is within a 20-minute drive of Albuquerque’s main employment hubs.
“Recent demographic trends, a strong job market, and the relative affordability of renting in Albuquerque all point to significant investment opportunity, and we are excited to recycle capital from our recent sales into such a high-growth multifamily market,” said Kurt Zech, President of Kennedy Wilson’s multifamily division. “Cantata at the Trails has all the attributes that provide a great quality of life for residents, and we look forward to employing our value-add investment strategy to further improve the resident experience.”
Kennedy Wilson will begin to implement improvements to the property and operational upgrades. The value-add strategy includes an investment in renovating unit interiors, refreshing common areas throughout the community, and upgrading resident amenities to enhance the outdoor-oriented living environment at Cantata at the Trails.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
