Categorized | Commercial

Bella Vista sold for $141M to Kennedy Wilson

Bella Vista sold for $141M to Kennedy Wilson
Please Share!

Bella Vista-one of the most famous multifamily community place of 1,008 units at Hilltop has now been acquired by Kennedy Wilson. Kennedy Wilson assent history has now been filled with this new addition which is also known as the largest single multifamily property as stated by a prepared company statement. Not only has he added a great asset in his property but also the portfolio of the seller GMH Capital Partner has been increased up to 12,906 units under the management to $7.4 billion in both US and Japan.

The president of KW, Mr. Robert Hart says that Bella Vista is known for its institutional quality asset and therefore has always been considering as the most precious and largest target markets. According to him, Kennedy made this decision just to give a boost to the high quality opportunities in the market of real estate.

According to the discussion arranged for Globest.com, Bella Vista is located at the ideal site of United States and is famous for its East Bay location. Another big factor which forced Kennedy to buy this asset is his economy of scale of management. According to him, they have controlled over 3,500 units of East Bay markets in which Bella Vista is also included and can drive rents well from there. Moreover, they are deciding to come up with the new management synergies among their other asset base. This is the property which is considered as excellent in almost all amenity packages, units and location and is situated near the major transportation hubs.

Please Share!

About Drew Wilson

Drew focuses on the Commercial and Mortgage/Finance categories.

Leave a Reply

Twitter Chat