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July 21, 2016

Kennedy Wilson buys Auburn apartments

The real estate investment company Kennedy Wilson said it purchased a 430-unit property in Auburn for $81 million. The company invested $19 million and secured a 10-year loan of $62.6 million through Freddie Mac at a fixed-rate of 3.63 percent to acquire Belara at Lakeland. It was built in 2006 on a 40-acre site in Lakeland Hills, a master-planned community, with a clubhouse, fitness center, outdoor pool and playground. The firm has an office in Seattle and is based in Beverly Hills, California.




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