Kennedy Wilson Holdings Inc., a global real estate investment company, has teamed up with Japanese firms Kenedix, Inc. and Hulic Co., Ltd. to acquire The Danforth, a multifamily community in Seattle, Washington, for $173 million. The 265-unit, 16-story tower, constructed in 2018, features 1-, 2-, and 3-bedroom layouts, and includes amenities like a fitness center, rooftop solarium, and a Whole Foods Market on the ground floor. This acquisition marks an expansion of Kennedy Wilson's investment management business in the Pacific Northwest, where they already have a significant presence with over 13,000 apartment units. Kennedy Wilson holds a 10% interest in the venture and will act as the asset manager.
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