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$51M Buys 401-Unit Apartment Complex

FEDERAL WAY, WA-Kennedy Wilson Multifamily Management acquires the Heights on West Campus from Nevins, Adams, Lewbel & Schell.

By Brian K. Miller | Updated on March 29, 2007

(To read more on the multifamily market, click here.)

FEDERAL WAY, WA-The Heights on West Campus, a 401-unit apartment development here, has changed hands for $51 million. Kennedy Wilson Multifamily Management of Beverly Hills, CA acquired the asset from Nevins, Adams, Lewbel & Schell of Santa Barbara, CA in an off-market transaction.

David Young and Tim Ufkes of Hendricks & Partners in Seattle had the disposition assignment for the 39-acre, 29-building property. Bank of America provided acquisition financing.

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