SEATTLE, WA – Global real estate investment company Kennedy Wilson announced that the company and its partner bought Radius, a 282-unit multifamily community in the South Lake Union submarket of Seattle, Washington, for $141 million.

In a 50/50 joint-venture, the company and its partner invested a total of $72 million of equity, of which $58 million was funded from the December 2016 sale of The Grove, a 331-unit apartment community built in 1964 in San Jose, California. The partnership also secured a 10-year fixed-rate loan of $70 million at a rate of 4.06%, interest-only for the first five years.

“Radius is an exciting addition to our Seattle apartment portfolio,” said Shem Streeter, Managing Director of Kennedy Wilson Multifamily Investments. “Seattle’s South Lake Union neighborhood features some of the best rental demographics in the country, including a thriving job market and close proximity to many high growth companies. Our significant presence in the Seattle market allows us to leverage our existing operational expertise all while upgrading the overall quality of our portfolio through these two transactions.”

Radius is a class-A apartment community located in Seattle, WA. The property was built in 2015 and consists of 282 apartments offering tenants a modern, amenity-rich lifestyle. Radius’ amenity package includes two rooftop decks, gaming room, fitness center, and a private resident media room.

Radius is located directly across the street from the world headquarters and main campus of Amazon and walking distance to over 10 million square feet of additional Amazon office space. The property is also walking distance to employers such as Facebook, the Fred Hutchinson Cancer Research Center, and a future 607,000 sq. ft. Google campus. Radius is next to many shops and restaurants, and is conveniently located near major freeways, providing quick access to the I-5, SR-99 and downtown Seattle.

The company now has an ownership interest in 10,430 units across 41 communities in the State of Washington.

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NEW ORLEANS, LA – 365 Connect, a leading provider of award-winning marketing, leasing, and resident technology platforms for the multifamily housing industry, announced that the company has received a gold AVA Digital Award for its Marketing Syndication Platform. This prestigious international award recognizes 365 Connect’s capabilities to deliver innovative and creative solutions to meet the rapidly-changing needs of the multifamily housing industry.

The AVA Digital Awards is an international competition that acknowledges the excellence of creative professionals responsible for the plotting, concept, direction, design, and production of digital communication. The winning entries are selected by an international panel of judges. This year’s competition boasted thousands of entries from countries across the globe with entrants ranging from corporate marketing and communication departments to media conglomerates and Fortune 500 companies.

365 Connect was recognized by the AVA Digital Awards for its innovative Marketing Syndication Platform, which delivers automated listings with real-time updates to high-traffic housing search engines and classified websites. Ultimately, it offers a fully-integrated solution that eliminates redundant marketing efforts and seamlessly updates pricing, imagery, content, and availability from a single platform. The platform is proven to reduce operating expenses while simultaneously increasing qualified prospect traffic for multifamily housing operators.

Administered and judged by the Association of Marketing and Communication Professionals, which oversee many award and recognition programs, winning entries are selected from an array of specialized categories. These categories include advertising, marketing, branding, strategic communication, and electronic media. Recognizing the highest standards of excellence, an AVA Digital Award is a tremendous achievement that acknowledges outstanding talent within the marketing and communication industries.

365 Connect Founder and CEO, Kerry W. Kirby, stated, “365 Connect is pleased to have its technology platform acknowledged on an international level, and we are truly honored to receive this highly acclaimed award. Our focus is to connect both future and existing residents with where they live by providing a host of services, resources, and communication tools. This award emphasizes our dedication to meeting our clients’ needs of optimizing lead flow, reducing marketing spend, and extending their communities reach across the web.”

To date, 365 Connect has received a total of 44 international, national, and regional technology awards, illustrating its dedication to delivering leading-edge technology. The 365 Connect Technology Platform is highly recognized by its industry peers for its unique ability to market communities across the Internet, automate social media, and deliver services to prospects and residents on any device. Today, 365 Connect’s innovative technology platforms are utilized across the nation, aiding the most respected multifamily housing operators by providing them with the ability to manage their marketing, leasing, and resident services from a single sign-on interface.

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