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Kennedy Wilson's Investment Management Platform Acquires 700 Units Across Two Western U.S. Multifamily Communities for $166 Million

1. KW's real estate fund acquired two apartment communities for $166 million. 2. The fund invested $61 million in equity for these acquisitions.

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Why Bullish?

The acquisition enhances KW's property portfolio, potentially increasing future revenues. Positive investor sentiment historically follows similar strategic expansions.

How important is it?

The article highlights significant investments which can affect KW's valuation positively, showing strong market activity.

Why Long Term?

Strategic property acquisitions like these typically yield returns over several years, strengthening KW's market position.

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BEVERLY HILLS, Calif.--(BUSINESS WIRE)---- $KW--A real estate fund managed by Kennedy Wilson has acquired, in separate transactions, Tides on Commerce - a 336-unit apartment community in North Las Vegas, Nevada, and Finisterra - a 356-unit apartment community in Tempe, Arizona, for a total of $166 million, excluding closing costs. The fund invested a total of $61 million of equity in these transactions. The low-density, garden-style apartment properties offer a diverse mix of unit sizes and plentiful a.

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