Mark Wiese Of Pacific Housing And William J. McMorrow Of Kennedy Wilson Acquire Bella Vista Apartment Complex For $225M

The multifamily asset involved in this transaction is the Bella Vista at Hilltop apartment complex, located at 3400 Richmond Parkway in Richmond. The property consists of 1,008 units and was sold for a total price of $225,000,000, resulting in a price per unit of $223,214. The complex includes affordable housing units and features amenities such as four pools, tennis courts, and a fitness center.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $225,000,000
• Units: 1,008
• Price Per Unit: $223,214
• Buyer: Mark Wiese - Pacific Housing
• Buyer: William J. McMorrow - Kennedy Wilson
• Address: 3400 Richmond Parkway
• Market: Richmond

The transaction saw Mark Wiese representing Pacific Housing and William J. McMorrow representing Kennedy Wilson, forming a new ownership group for the Bella Vista at Hilltop apartment complex. The collaboration indicates a strategic partnership between the two entities in the multifamily real estate sector.