Kennedy Wilson Holdings Inc. Partners with Kenedix and Hulic to Acquire 265-Unit Multifamily Community in Seattle for $173 Million

Reuters
06/13
Kennedy Wilson Holdings Inc. Partners with Kenedix and Hulic to Acquire 265-Unit Multifamily Community in Seattle for $173 Million

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kennedy Wilson Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250613896728) on June 13, 2025, and is solely responsible for the information contained therein.

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