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Real Estate/Development

Feb. 23, 2012

Bella Vista

The sale of the Bella Vista at Hilltop, an apartment community in San Pablo


Kennedy Wilson paid $140.5 million for Bella Vista at Hilltop, an apartment community in San Pablo - billed as the largest multifamily deal of the year in the United States.


The 1,008-unit complex at 3400 Richmond Parkway is comprised of 42 three-story apartment buildings, multiple pools, tennis courts, business and exercise centers and a playground.


The buyer assumed the existing $97.5 million Fannie Mae loan as part of the purchase. The seven-year lo...

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