Allen Matkins Reps Kennedy Wilson's $422M Apartment Sales

Law360 (May 29, 2018) Real estate investment company Kennedy Wilson on Tuesday said it would offload its stake in a six-property multifamily portfolio across California, Nevada, Oregon and Washington in a $422 million deal guided by Allen Matkins Leck Gamble Mallory & Natsis LLP. The assets sold by Kennedy Wilson total nearly 2,200 units, all of which are part of garden-style apartment communities. The investment company did not name the buyer of the assets, but said its ownership in the six properties averaged 41.3 percent. The largest property included in the deal is the 612-unit Slate Creek complex located in Roseville, California. Three of the six apartment complexes are located in Washington and make up more than 900 of the overall units sold by Kennedy Wilson. Kennedy Wilson is represented by Stephen Etheredge of Allen Matkins Leck Gamble Mallory & Natsis LLP.