Kennedy Wilson Drops $81M On Calif. Apartment Complex

Law360 (August 22, 2016) Kennedy Wilson Holdings Inc. has picked up a mixed-use apartment and retail complex in Camarillo, California, for $81 million, according to an announcement on Monday from the Beverly Hills-based real estate investment firm. The company has acquired University Glen, a 386-unit property that is adjacent to California State University, Channel Islands. Kennedy Wilson put $18 million of equity into the property and scored a $65 million Freddie Mac loan to cover the remainder of the purchase. Kennedy Wilson is represented by Stephen N. Etheredge of Allen Matkins Leck Gamble Mallory & Natsis LLP.