Kennedy Wilson and Partners Acquire 770 Apartment Units Across Western U.S.

BEVERLY HILLS, CA – February 16, 2011 – (RealEstateRama) — International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that the company, along with an affiliate of DRA Advisors and with Kennedy Wilson Property Fund III, acquired Enclave at Adobe Creek, a 492-unit multifamily community in Petaluma, CA. The company also joined forces with The LeFrak Organization to purchase a 100% equity interest in Indigo Springs, a 278-unit multifamily community in Kent, WA.


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