Kennedy-Wilson Holdings IncAcquisition of a multifamily community for $237M expands investment management platform and deepens partnership with Japanese investors.
Kennedy Wilson has partnered with Kenedix and Hulic to acquire Carraway, a 421-unit multifamily community in West Harrison, New York, for $237 million. The Class A property, completed in 2021, is located in Westchester County approximately 25 miles north of Manhattan and features a mix of studio, one-bedroom and two-bedroom residences, structured parking and about 6,400 square feet of ground-floor retail space. The acquisition expands Kennedy Wilson's investment management platform and deepens its relationship with the two Japanese partners, marking their fourth joint venture investment together. Carraway benefits from average household incomes exceeding $175,000 in the area and proximity to major employers such as IBM, PepsiCo, Mastercard, Morgan Stanley and Regeneron, with rents increasing more than 5% over the last year.
Kennedy-Wilson Holdings IncAcquisition of a multifamily community for $237M expands investment management platform and deepens partnership with Japanese investors.
Hulic partners in the acquisition, marking fourth joint venture with Kennedy Wilson, indicating ongoing investment activity.
International Business Machines
Mastercard Inc
Morgan Stanley
PepsiCo Inc
Regeneron Pharmaceuticals IncKenedix partners in the acquisition, marking fourth joint venture with Kennedy Wilson, indicating ongoing investment activity.