Kennedy-Wilson (KW) said Friday that a real estate fund it manages has acquired two apartment complexes in the US Southwest for $166 million.
The acquisitions, conducted in separate transactions, include the 336-unit Tides on Commerce in North Las Vegas, Nevada, and the 356-unit Finsterra in Tempe, Arizona.
The fund invested $61 million of equity in acquisitions, the property management firm said.
Kennedy-Wilson said it has an interest of about 14% interest in the commingled fund that acquired the two properties.
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