Kennedy-Wilson Holdings, Inc. (KW - Free Report) has acquired a 157-unit multifamily community, for $61 million. The acquisition of The Townhomes at Lost Canyon, located in Santa Clarita, CA, is likely to be accretive for the Beverly Hills, CA-based real estate investment and services company, going forward.
This class-A apartment community, built in 2013, is spread over an area of 12.5 acres. Kennedy-Wilson made equity infusion of $19 million and secured a loan of $43 million through Fannie Mae to finance the purchase. The secured loan with a term period of ten years has a fixed interest rate of 3.63%. This acquisition will enable Kennedy-Wilson to bolster its presence in the greater Los Angeles area. Notably, around a week ago, Kennedy-Wilson acquired a 100% ownership stake in a 386-unit multifamily community, for $81 million.
Kennedy-Wilson offers a comprehensive array of real estate services including property and asset management, brokerage and auction services, along with construction and trust management. Kennedy-Wilson currently has a Zacks Rank #3 (Hold).
Investors interested in the real estate operations industry sector can consider stocks like Colliers International Group Inc. (CIGI - Free Report) , Henderson Land Development Co. Ltd. (HLDCY - Free Report) and The Liberty Braves Group (BATRK - Free Report) . All these stocks carry a Zacks Rank #2 (Buy).
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Kennedy-Wilson Holdings, Inc. (KW - Free Report) has acquired a 157-unit multifamily community, for $61 million. The acquisition of The Townhomes at Lost Canyon, located in Santa Clarita, CA, is likely to be accretive for the Beverly Hills, CA-based real estate investment and services company, going forward.
This class-A apartment community, built in 2013, is spread over an area of 12.5 acres. Kennedy-Wilson made equity infusion of $19 million and secured a loan of $43 million through Fannie Mae to finance the purchase. The secured loan with a term period of ten years has a fixed interest rate of 3.63%. This acquisition will enable Kennedy-Wilson to bolster its presence in the greater Los Angeles area. Notably, around a week ago, Kennedy-Wilson acquired a 100% ownership stake in a 386-unit multifamily community, for $81 million.
Kennedy-Wilson offers a comprehensive array of real estate services including property and asset management, brokerage and auction services, along with construction and trust management. Kennedy-Wilson currently has a Zacks Rank #3 (Hold).
Investors interested in the real estate operations industry sector can consider stocks like Colliers International Group Inc. (CIGI - Free Report) , Henderson Land Development Co. Ltd. (HLDCY - Free Report) and The Liberty Braves Group (BATRK - Free Report) . All these stocks carry a Zacks Rank #2 (Buy).
Confidential from Zacks
Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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