Kilroy Realty Sells Two Hollywood Multifamily Towers For $202 Million Under Angela Aman

Two multifamily towers located at 1550 El Centro Avenue and 6390 De Longpre Avenue in Hollywood were sold for a total price of $202,000,000. The properties, under the ownership of Kilroy Realty, encompass 393 units, resulting in a price per unit of $513,995.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $202,000,000
• Units: 393
• Price Per Unit: $513,995
• Seller: Angela M. Aman - Kilroy Realty

The sale was part of Kilroy Realty's strategy to divest non-core assets within its Los Angeles portfolio, as indicated by CEO Angela Aman. This transaction coincided with additional office sales and portfolio repositioning, as the REIT recorded a quarterly net loss of $19 million.