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.
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