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Kennedy-Wilson Properties Pays $58M for Latitude Apts

September 25, 2017
Kennedy-Wilson Properties acquired the 210-unit Latitude apartments at 8411 SE Causey Ave. in Happy Valley, OR from The Reliant Group for $58 million, or $250,000 per unit.

The 250,000-square-foot multifamily community delivered in two phases between 2008 and 2014 in Portland’s Clackamas County. It features a dog park, fitness center, clubhouse and on-site management. The multifamily complex is comprised of 33 three-story buildings and one clubhouse.

Cody Hagerman of HFO Investment Real Estate LLC represented the seller. The buyer handled the sale in-house.

Please see CoStar COMPS #4009472 for more information on this transaction.
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