San Rafael, CA (PRWEB) March 14, 2013

Marin Modern Real Estate, a premier brokerage in the San Francisco Bay Area, is pleased to announce the launch of its newest affiliate, Wine Country Modern Real Estate.

Launched on March 14, 2013, Wine Country Modern Real Estate is the newest member of the Marin Modern Real Estate family. As a full service residential real estate brokerage specializing in modern and architectural properties, Wine Country Modern fills a need for Modern homebuyers and sellers in Napa and Sonoma County and is pleased to introduce their new website: http://www.winecountrymodern.com

Established by Renee Adelmann, founder of Marin Modern, San Francisco Modern, and East Bay Modern Real Estate; Wine Country Modern Real Estate expands the company’s ability to best serve the needs of today’s modern real estate market. With a focus on modern architecture, Wine Country Modern has the resources to fill the needs of both buyers and sellers of all residential properties throughout Napa and Sonoma County.

Asked about the launch of Marin Modern’s newest family member, Renee Adelmann commented, “I’m excited to introduce our newest effort in filling the needs of our clients in the North Bay. I am often asked about the availability of properties and homes for sale in the wine country, and expanding our company into Napa and Sonoma Counties seemed like a logical step – and one that will bring value to our clients.”

Wine Country Modern’s website includes in-depth information about towns in Napa and Sonoma County, guidance specifically geared towards buyers and sellers, information on modern homes and hobby vineyards, and a list of scheduled open houses in the Napa/Sonoma wine country – as well as details about all homes and residential properties for sale in Sonoma and Napa County.

To learn more about our expanding family of real estate companies visit us online at Wine Country Modern Real Estate, Marin Modern Real Estate, San Francisco Modern Real Estate, and East Bay Modern Real Estate.

About Wine Country Modern Real Estate

Wine Country Modern Real Estate is a full service, technologically enabled brokerage offering state-of-the-art service to buyers and sellers of residential real estate throughout Napa and Sonoma Counties.

Contact the Wine Country Modern Team for assistance with the purchase or sale of real estate in Sonoma and Napa Counties.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/3/prweb10530458.htm

Article source: http://www.sfgate.com/business/prweb/article/Wine-Country-Modern-Real-Estate-Joins-Established-4355044.php

International real estate investment and services firm Kennedy Wilson (NYSE: KW) today announced that it added a supplemental loan to the existing financing on Summer House Apartments, a 615-unit multifamily community that it acquired with one of its investment partners in 2010. On December 31, 2012, the company and its partner closed a $19.4 million Freddie Mac loan arranged by Berkeley Point Capital. Including this transaction, the financing on Summer House now totals $90.2 million at a fixed rate of 4.44% and maturity on November 1, 2020. Kennedy Wilson’s initial investment in the property was $2.8 million. Through this financing and previous property cash flow, the company has received a total of $3.8 million of distributions. Kennedy Wilson invested 15% of the equity in this property and, based on the distributions to date, is receiving 30% of current distributions due to its promoted interest in the property.

“This transaction exemplifies the company’s ability to produce profits in a variety of ways,” said William McMorrow, chairman and CEO of Kennedy Wilson. “We were able to take advantage of current financing opportunities and return the company’s original equity while maintaining ownership in a property located in a growing market. Additionally, we were able to sell a property in the same area that we believe has reached its stabilized value.”

On December 28, 2012, Kennedy Wilson, through its KW Property Fund III, completed the sale of Rutherford Townhomes, a 66-unit apartment property in Napa, California, for $8.7 million. The company’s KW Property Fund III originally purchased the asset for $6.6 million in 2009, producing a 1.7x gross equity multiple after the sale. Kennedy Wilson owns approximately 12% of the fund before its promoted interest.

Article source: http://www.fortmilltimes.com/2013/01/03/2413819/kennedy-wilson-completes-financing.html