Kennedy Wilson completed the acquisition of a 50% stake in Central Park Commons, Paceline and AYA ABQ for $264m.

Kennedy Wilson, a real estate investment firm, completed the acquisition of a 50% stake in Central Park Commons, a garden-style apartment community, Paceline, a 221-unit apartment community, and AYA ABQ, a 504-unit garden-style apartment community, for $264m. “Central Park Commons, Paceline and AYA are ideal additions to our growing collection of properties that cater to residents seeking a suburban, outdoor-oriented lifestyle within close range of the economic vibrancy of downtown Boise, Seattle and Albuquerque. Identifying high-quality communities that provide relative affordability in burgeoning markets is the hallmark of Kennedy Wilson’s West Coast multifamily investment process, and we are excited to build on that strategy while creating additional value and expanding our presence in these key markets with the support of our strategic partners," Kurt Zech, Kennedy Wilson President.