Updated Dec 4, 2024
Kennedy Wilson & Haseko Corp Acquire Multifamily Asset In Vancouver For $90M
711 Northeast 112th Avenue
$90,000,000
Units
350
Asset Type
MultiFamily
Closing
May 2, 2024
About this deal
AI
The Farmstead and Villas at 28th Street, a multifamily property consisting of 350 units, was sold for $90 million. The property is located at 711 Northeast 112th Avenue in Vancouver, WA, just across the Columbia River from Portland, Oregon.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $90,000,000
- Buyer: Kennedy Wilson & Haseko Corp
- Units: 350
- Price Per Unit: $257,143
- Market: Vancouver, WA
Kennedy Wilson has partnered with Haseko Corp. in the acquisition of The Farmstead and Villas at 28th Street. This deal brings together two well-established entities to invest in the multifamily property market in the Vancouver area.
On the Map
$90,000,000
MultiFamily
View full map
Players
Vancouver MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Vancouver multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93