KANSAS CITY, KS – Hamilton Zanze, a leading San Francisco-based multifamily real estate investment firm, announced it has sponsored the buy of Legends 267, a six-tale apartment community in Kansas City, Kansas.
Mission Rock Residential, an affiliate of Hamilton Zanze, has assumed management of the one-year-ancient property, which serves as a key residential component of the Village West mixed-use development in west Kansas City.
“Kansas City continues to be a high-performing market offering resilient yield and consistent operations,” said David Nelson, president and chief investment officer at Hamilton Zanze. “The city’s marginal incoming apartment development, strong employment growth, diverse economy, high local household incomes, municipal investment in business and population growth give us conviction in our recent and ongoing investment in the market. We are excited about the acquisition of Legends 267 and will continue to evaluate further expansion in the MSA.”
Located at 1879 Village West Parkway, Legends 267 features 267 one- and two-bedroom homes with various layouts available. The community, originally built in 2024, offers simple connectivity to Interstate 435, I-70 and is within walking distance of several neighborhood attractions, including super regional mall Legends Outlet Kansas City.
Community amenities include a rooftop sky lounge, heated swimming pool and hot tub, infrared sauna, grill stations, fire pits, social space with bar and TVs, coffee lounge, courtyard hammock garden and a high-tech fitness center with a yoga studio. The pet-friendly community also offers controlled-access garage parking, concierge services and a bike storage room.
Home interiors include a variety of upscale features, including quartz countertops, stainless steel appliances, wood-style flooring, custom cabinetry, walk-in closets, in-home washers and dryers, air conditioning, high-speed internet access and private patios or balconies.

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DALLAS, TX – Knightvest Capital, a vertically integrated multifamily investment firm, announced the acquisition of Arlo Buffalo Heights apartments in Houston, Texas. The transaction marks the tenth acquisition in Knightvest’s Fund II and further solidifies the firm’s footprint in the Neartown-River Oaks submarket, where Knightvest owns and operates multiple communities.
Originally built in 2014, the 318-unit wrap-style community is well positioned in one of Houston’s most desirable urban submarkets and is walkable to some of the city’s most well loved restaurants and entertainment venues. Knightvest will implement a comprehensive renovation program to elevate the property to a level that competes with newer construction in the area. Plotted improvements include full unit interior upgrades, a relocated leasing center, and extensive amenity enhancements. As part of the renovation efforts, Knightvest has renamed the community to Whitmore.
“With this acquisition, we’re continuing to expand a focused portfolio of well-located assets that are roughly 10 to 20 years ancient across major Sun Belt markets,” said David Moore, Knightvest founder and CEO. “Our proven experience in the Neartown-River Oaks submarket provides a strong foundation for executing the business plot at Whitmore, and it reflects the kind of opportunity we’re targeting as we continue to do our strategy for Fund II.”
Houston remains one of the country’s fastest-growing cities, and this momentum will continue to fuel demand for high-quality housing at a discount to new construction in desirable locations like that of the Neartown-River Oaks area.

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BEVERLY HILLS, CA – Global real estate investment company Kennedy Wilson (NYSE: KW) and Toll Brothers, Inc. (NYSE: TOL), the nation s leading builder of luxury homes, announced that Kennedy Wilson has agreed to buy Toll Brothers Apartment Living platform, including its in-house development team and its interests in a portfolio of completed properties and assets under development, for a total buy price of $347 million. The transaction will provide immediate scale to Kennedy Wilson s investment management platform and its rental housing capabilities, while monetizing a significant part of Toll Brothers investments in rental properties. The transaction is expected to close in October 2025 and is subject to certain closing conditions.
As part of the transaction, Kennedy Wilson will buy Toll Brothers general partner interests in 18 apartment and student housing properties with AUM of $2.2 billion. Kennedy Wilson will also buy a pipeline of 29 sites in various stages of development which, if completed, would total approximately $3.6 billion of invested capital, with Kennedy Wilson to assume construction management responsibilities for these properties. As part of the transaction, Kennedy Wilson will also manage 20 apartment and student housing properties that will remain with Toll Brothers following closing, representing another $3.0 billion of AUM for Kennedy Wilson. It is Toll Brothers intention to dispose of these remaining assets over time and exit the multifamily development business.
Kennedy Wilson will also buy the expertise of the Toll Brothers Apartment Living management team. It expects to make offers to all employees of Toll Brothers Apartment Living and anticipates the entire Apartment Living executive team will join Kennedy Wilson to oversee the existing portfolio and further grow the development platform.
In addition, the transaction is expected to make a new long-term relationship between the two companies that paves the way for future investment opportunities across rental and for-sale housing. Under this arrangement, Kennedy Wilson will refer prospective for-sale housing opportunities to Toll Brothers, and Toll Brothers will reciprocate with rental housing opportunities, making a mutually beneficial pipeline of shared deal flow.
Kennedy Wilson expects to make an initial investment of approximately $90 million in the bought interests and will assume Toll Brothers general partner role in such bought assets. The balance of the buy price will be funded from existing Kennedy Wilson partners. The transaction will immediately enhance the scale of Kennedy Wilson s world-class investment management platform.
We are thrilled to welcome the best-in-class team at Toll Brothers Apartment Living to Kennedy Wilson and to further accelerate the growth of our investment management business and multifamily development capabilities at a time when the country is in right need of new, high-quality housing, said William McMorrow, Chairman and CEO of Kennedy Wilson. This buy helps make an unparalleled national platform within the rental housing space that totals over 80,000 units we own, finance or manage, and solidifies Kennedy Wilson s fully integrated capabilities across real estate development, acquisitions, and asset management along with a market-leading housing-focused credit platform.
We are proud of the value that has been made by our Toll Brothers Apartment Living business, and we are excited for the future of this team with Kennedy Wilson, said Douglas C. Yearley, Jr., Chairman and CEO of Toll Brothers. This transaction will unlock significant capital for our stockholders, while allowing us to focus on our core homebuilding business and continue our transformation to a more asset-light homebuilder. We are pleased that our Toll Brothers Apartment Living employees have found a new home at Kennedy Wilson.

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