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SAN JOSE, CALIF. — Kennedy Wilson Multifamily Management Group has partnered with The Guardian Life Insurance Company of America to acquire Avalon at Blossom Hill in San Jose from AvalonBay Communities for $84 million. The property, which will be re-named Saybrook Pointe, features 16 three-story, garden-style buildings offering 90 one-bedroom/one-bath units, 210 two-bedroom/two-bath units and 24 three-bedroom/three-bath units ranging in size from 768 to 1,289 square feet. The community also features a single-story fitness center and office lease facility. The partnership plans to invest $4.5 million to upgrade and revitalize the property. Bill Huberty and Sean Deasy of CB Richard Ellis represented both parties in the transaction.