278-UNIT MULTIFAMILY COMPLEX TRADES HANDS FOR $36 MILLION
KENT, WASH. — Beverly Hills, Calif.-based Kennedy Wilson Multifamily Management Group has acquired Indigo Springs, a 278-unit multifamily community located at 11101 SE 208th St. in Kent, for $36 million. The community comprises one-, two- and three-bedroom apartments in five different floor plans. Units feature kitchens with an open floor plan overlooking the dining and living areas, washer/dryers, linen closets, fireplaces, ceiling fans, track lighting, scenic wetland views and a sunroom/patio/deck with extra storage. Additionally, the community features a clubhouse with fireplace and kitchen, a fitness center, an outdoor pool and spa, a basketball court, a playground, and detached garages. David Young and Phil Oester of Hendricks & Partners represented the buyer and the undisclosed seller in the transaction.