William J. McMorrow Of Kennedy Wilson Purchases Kinetic Student Housing In Atlanta For $132M

This off-campus student housing project, located at 1025 Spring Street Northwest in Atlanta, GA, consists of 752 beds and was sold for $132,000,000. The asset, known as Kinetic, was developed by Toll Brothers and completed construction last year, with move-ins starting this fall. The price per bed for this property amounts to $175,532.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $132,000,000
• Buyer: William J. McMorrow - Kennedy Wilson
• Seller: Douglas C. Yearley, Jr - Toll Brothers
• Number of Beds: 752
• Price Per Bed: $175,532
• Market: Atlanta, GA
• Sale Date: 12/17/2025

Toll Brothers has divested its Kinetic project, strategically positioned near Georgia Tech, to Kennedy Wilson. This acquisition aligns with market demands for student housing, reflecting a notable transaction in the Atlanta area. The buyer, William J. McMorrow, represents Kennedy Wilson, while Douglas C. Yearley, Jr represents Toll Brothers in this transaction.