Updated Mar 11, 2025
Kennedy Wilson Acquires Multifamily Property In Las Vegas, Scottsdale & Albuquerque For $418M
Albuquerque, New Mexico, United States
$418,000,000
Units
1,100
Asset Type
MultiFamily
Closing
Apr 28, 2022
About this deal
AI
A multifamily property located in Las Vegas, Scottsdale, and Albuquerque recently changed hands in a closed transaction. The property, consisting of 1,100 units, was sold for a total of $418,000,000. This equates to an average price per unit of $380,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $418,000,000
- Market: Las Vegas, Scottsdale & Albuquerque
The buyer in this transaction was Kennedy Wilson, represented by Shem Streeter. Kennedy Wilson is a notable investment firm that specializes in real estate acquisitions. Shem Streeter is the designated representative of Kennedy Wilson in this deal.
On the Map
$418,000,000
MultiFamily
View full map
Players
Albuquerque MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New Mexico multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93