Kennedy Wilson Multifamily Management Group, a West Coast apartment investor, on Monday announced it has sold four California apartment properties for a total of approximately $147 million.

In the most recent disposition, which closed on Nov. 5, Klingbeil Capital Management purchased the 200-unit Creekside Apartments at 1800 Stokes St. in San Jose for nearly $35.6 million.

A few weeks earlier, LeFever Mattson Inc. paid nearly $42.3 million to acquire the Windscape Village Apartments on North “L” Street in Lompoc. Windscape, the largest of KW Multifamily’s recently sold apartment properties, contains 328 apartment homes.

In October, KW sold the 208-unit County Oaks Apartments in Santa Maria to LeFever Mattson for approximately $30.3 million, and sold the 256-unit Somerset on Garfield in Montebello to Advanced Real Estate Services Inc. for a price of nearly $39.3 million.

“Having effectively repositioned these assets and increased cash flow, we will re-invest the proceeds of these sales in other multifamily properties that meet our criteria of acquiring under-performing assets in urban markets,” said Bob Hart, president and CEO of KW Multifamily, in a statement.

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription