Kennedy Wilson Buys 366-Unit Multifamily Community in Salt Lake City, Pays $43.5M

International real estate investment and services firm Kennedy Wilson KW today announced the acquisition of Sandpiper Apartments, a 366-unit multifamily community in Holladay, a suburb of Salt Lake City, Utah. The company purchased the property for $43.5 million, investing $12 million of equity in the transaction and assuming approximately $31.5 million of financing with Centerline Financial at 4.9% with eight years remaining.