Kulik Helps Kennedy Wilson With $42M Apartment Buy

Law360, New York (December 14, 2011, 3:06 PM EST) -- Real estate investment and services firm Kennedy Wilson Inc. has acquired an apartment complex near Santa Barbara, Calif., from real estate developer Security Properties Inc. for $42 million, the buyer announced Wednesday.

A trained hand in the Californian market, Kennedy Wilson is the new owner of La Vista, a sprawling 460-unit property in Santa Maria, adding the development to a portfolio that includes more than 13,500 multifamily units in the U.S. and Japan, the firm said.

“Kennedy Wilson has established a strong track record of successful...
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