Kennedy Wilson Earns Sub 5 Cap Rate on Mukilteo Apartment Purchase

By Jon Peterson Beverly Hills, Calif.-based Kennedy Wilson has acquired the 230-unit Alara Harbour Point apartment complex in Mukilteo at a cap rate in the range of 4.8 per to 4.9 percent. “This level of return is based on the property’s current net operating income being produced,” says Kurt Zech, president of Kennedy Wilson Multifamily […]