Kauri Investments

  • Essex Property Trust Closes Multifamily Deal with Kauri, Which is Also Set to Begin Construction

    Kauri Investments sold the 56-unit residential community, part of a larger project that also includes a Hyatt Place hotel. Kauri did not include the 160-key hospitality property in the deal perfected with Essex. Developed in 2010, the complex is located at 110 Sixth Avenue N., near the Seattle Center. According to PSBJ, the sale was not planned by Kauri but the inquiry by Kidder Matthews representatives Giovanni Napoli and Phillip Assouad, working on behalf of Essex Property Trust eventually got the deal going. According to Kauri’s CEO, Kevin Angier, the multifamily rental property had an occupancy rate of 95 percent at the time the transaction was completed.

    Seattle 13 January 2013 06:54

You May Also Like

  • Stonehenge NYC Names New VP

    The firm hired Kunal Chothani, an industry professional who will serve as vice president of acquisitions. Prior to this role, Chothani was head of the New York subsidiary of Akelius Residential Property AB, where he managed transactions and assets valued at more than $1 billion.

    05 February 2019 08:12
  • Peak Campus to Manage 430-Bed Chicago Student Housing

    The Buckingham serves students at the University of Illinois - Chicago and is also within a mile of 20 other schools.

    26 March 2019 13:09
  • Newcastle Pays $86M for Chicago Property

    Seeking an acquisition in a neighborhood wedged between two of Chicago’s hottest enclaves, Newcastle Ltd. has acquired 504 and 505 N. Green Street, an apartment community in the River West district.

    01 March 2019 15:02
  • Mega-Developments Abound in Philadelphia

    Despite a multifamily supply surge in recent years, occupancy in stabilized properties saw only a modest decline of 30 basis points year-over-year in July.

    12 November 2018 14:04
  • Haas Door Expands Aluminum Garage Door Series

    Residential Aluminum 360’s new impact-resistant glazing meets design requirements for high-wind areas.

    21 March 2019 13:42