Kilroy Cashes Out of Hollywood with $202MM Sale of 393-Unit Columbia Square Living and Jardine Towers

The $514,000-per-unit transaction strips Kilroy of nearly all its Los Angeles multifamily exposure and delivers a $61.8 million impairment as the REIT pivots away from operating Hollywood rentals. Kilroy Realty Corporation has exited most of its Los Angeles multifamily footprint, closing the $202.0 million sale of two luxury Hollywood apartment towers in April after marketing […]