Kennedy Wilson acquired Whitewater Park apartments in 2014, the company's first multifamily community in Boise, Idaho.
Whitewater Park Story
This 324-unit multifamily property was built in 1996 along the Boise River and adjacent to the 55-acre Esther Simplot Park that features 23 acres of ponds and recreational space. Kennedy Wilson acquired the community in November 2014 in an off-market transaction and embarked on a $5.8 million renovation program that has increased NOI by nearly 70% over the lifespan of the investment. The team completed a top-to-bottom upgrade of the leasing office and common areas, rebranded the community, updated signage and unit interiors to enhance the value of the property.