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.
In 2013, Kennedy Wilson and its partner purchased Clancy Quay for €82.5 million. Originally constructed in 2008, Clancy Quay consists of three phases, with the first phase comprised of 423 units and 36,000 SF of commercial space. Phases 2 and 3 includes an 8.5 acre site with planning permission for a mix of residential and commercial use.
Jim Rosten is president of the company's Property Services, which has over 70 million square feet of commercial, office, industrial and retail property under contract for management, leasing and development. Additionally, the firm manages and controls 20,000+ multifamily apartment units. Mr. Rosten oversees the company’s property service businesses across 21 offices in the U.S.
Stuart Cramer is president of the company's Residential Investments, which includes for-sale housing and hospitality investments. He is responsible for acquisition, development, entitlement and asset management opportunities for this class of assets in the Western United States.
In Ku Lee is Senior Vice President, Deputy General Counsel of Kennedy Wilson. He is in charge of all of Kennedy Wilson’s public company regulatory and corporate governance matters and serves as the Chief Compliance Officer of KW Investment Adviser. Mr. Lee is also responsible for all legal aspects of Kennedy Wilson’s corporate and transaction capital raising, including public and private offerings of equity and debt.
Matt Windisch, an executive vice president of Kennedy Wilson, is co-chairman of Kennedy Wilson’s Investment Committee. Matt oversees the company’s public capital markets activities and strategic joint ventures, and is responsible for maintaining key investor and banking relationships. He also spearheads corporate and transaction capital raising, strategic planning and acquisitions analysis. Matt has helped raise approximately $10 billion in public and private capital throughout his career at Kennedy Wilson.