Acquired $4.1 billion loan portfolio off-market from Pacific Western Bank ("PacWest")
with experienced PacWest construction lending team joining KW
KW investment was 5%; transaction added $1.9 billion in Fee-Bearing Capital
Estimated Annual NOI increased to a record $499M, up 4% from Q2-22Fee-Bearing Capital increased to a record $7.9B, up 49% from Q2-22
KENNEDY WILSON
86% Growth in Debt Platform
Development
Progress
$2.2B in new acquisitions, originations, and fundings; 86% growth in Q2 Platform grew to $6.5B (incl. $1.9B in future fundings); $4.3B in Fee-Bearing Capital
Opened Kona Village on July 1 and stabilized Springview by Vintage
Began leasing initial phases at Dovetail & Oxbow and obtained entitlements at Bend $99 million of Estimated Annual NOI expected from lease-up and development portfolio
Kennedy Wilson Holdings Inc. published this content on 10 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2023 00:02:30 UTC.
Kennedy-Wilson Holdings, Inc. is a global real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. It also has a debt platform focused on construction lending secured by multifamily and student housing properties throughout the United States. The Company focuses on multifamily and office properties, as well as industrial and debt investments in its Investment Management business in the Western United States, United Kingdom and Ireland. Its operations are defined by two business segments: its Consolidated Portfolio and Co-Investment Portfolio. Investment activities in the Consolidated Portfolio involve ownership of multifamily units, office, and retail space and one hotel. The Co-Investment Portfolio consists of the co-investments in real estate and real estate-related assets, including loans secured by real estate; fees, and performance allocations that it earns on its fee bearing capital.
KENNEDY-WILSON HOLDINGS, INC. 
