Articles from Kennedy Wilson

Kennedy Wilson, a leading global real estate investment company and one of the most active construction lenders in the country, closed over $1.4 billion in senior construction loans during Q4 2024. Kennedy Wilson’s debt investment platform totaled $3.5 billion of new loans originated throughout the year for real estate projects that are on track to deliver over 12,000 multifamily and student housing units.

Global real estate investment company Kennedy Wilson (NYSEKW) will release its fourth quarter 2024 financial results on Wednesday, February 26, 2025, after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, February 27, 2025.

Kennedy Wilson, a leading global real estate investment company and one of the most active multifamily and student housing lenders in the country, has closed a $175 million senior construction loan for the development of Artwalk Towers, a 595-unit multifamily community in Jersey City, New Jersey.

Global real estate investment company Kennedy Wilson (NYSEKW) today announced that the company will pay a dividend of $0.12 per share (or $0.48 per share annually) to common shareholders of record as of December 31, 2024, with a payment date of January 2, 2025.

Canada Pension Plan Investment Board (CPP Investments) has partnered with global real estate investment company Kennedy Wilson (NYSEKW) to launch a new single-family rental housing joint venture (“the JV”) in the United Kingdom. CPP Investments will initially commit £500 million, with Kennedy Wilson committing £56 million. The JV will have an initial target of approximately £1 billion of asset value, including leverage, with the potential to commit further capital depending on market opportunities. CPP Investments will hold 90% of the venture and Kennedy Wilson will hold a 10% ownership interest moving forward.

Global real estate investment company Kennedy Wilson (NYSEKW) will release its third quarter 2024 financial results on Wednesday, November 6, 2024, after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, November 7, 2024.

Kennedy Wilson, a leading global real estate investment company and active national student housing lender, has recently closed senior construction loans for the development of three student housing projects totaling $184 million at the University of Wisconsin – Madison, University of North Texas, and University of California, Berkeley. These recent deals, completed through Kennedy Wilson’s debt investment platform, expand the student housing loan portfolio to $850 million to develop approximately 8,800 beds, with an additional $1 billion of new student housing loans totaling 8,200 beds currently being evaluated.

Global real estate investment company Kennedy Wilson (NYSEKW) today announced the expansion of its $500 million unsecured revolving credit facility to $550 million in partnership with a group of 10 banks. The new credit facility has a three-year term and two six-month extension options.

Global real estate investment company Kennedy Wilson (NYSEKW) today announced that the company will pay a dividend of $0.12 per share (or $0.48 per share annually) to common shareholders of record as of September 30, 2024, with a payment date of October 3, 2024.

Global real estate investment company Kennedy Wilson (NYSEKW) has released its 2023 Environmental, Social, and Governance (ESG) Report. The report underscores Kennedy Wilson’s efforts to strengthen the foundations of the company’s ESG program focused on delivering long-term social, environmental, and economic value across the portfolio and to key stakeholders.

Global real estate investment company Kennedy Wilson (NYSEKW) will release its second quarter 2024 financial results on Wednesday, August 7, 2024, after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, August 8, 2024.

Global real estate investment company Kennedy Wilson (NYSEKW) and its partner have acquired Heathrow Estate, a high quality multi-let industrial property in a prime distribution location in West London for $111 million, excluding closing costs.

Global real estate investment company Kennedy Wilson (NYSEKW) today announced that the company will pay a dividend of $0.12 per share (or $0.48 per share annually) to common shareholders of record as of June 28, 2024, with a payment date of July 5, 2024. The resized dividend rate will allow the Company to retain $66 million per year, strengthening the Company's ability to grow its investment management business, repurchase securities, and reduce leverage.

A real estate fund managed by Kennedy Wilson has partnered with Haseko Corporation to acquire The Farmstead and Villas at 28th Street communities in Vancouver, Washington. The portfolio, which totals 350 multifamily units, was acquired for $90 million. The two newly constructed, amenity rich communities build on Kennedy Wilson’s significant multifamily presence in the Pacific Northwest that is currently approaching 13,000 market rate and affordable apartment units.

Global real estate investment company Kennedy Wilson (NYSEKW) will release its first quarter 2024 financial results on Wednesday, May 8, 2024, after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, May 9, 2024.

Global real estate investment company Kennedy Wilson (NYSEKW) announces that its real estate debt investment platform more than doubled in size in the past year and has reached $7 billion in originations with a strong pipeline of new opportunities.

Global real estate investment company Kennedy Wilson (NYSEKW) today announced that the company will pay a dividend of $0.24 per share to common shareholders of record as of March 28, 2024, with a payment date of April 4, 2024. This quarterly dividend equates to an annual dividend of $0.96 per common share.

Global real estate investment company Kennedy Wilson (NYSEKW) will release its fourth quarter 2023 financial results on Wednesday, February 21, 2024 after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, February 22, 2024.

Global real estate investment company Kennedy Wilson (NYSEKW) today announced that the company will pay a dividend of $0.24 per share to common shareholders of record as of December 29, 2023, with a payment date of January 4, 2024. This quarterly dividend equates to an annual dividend of $0.96 per common share.

Global real estate investment company Kennedy Wilson (NYSEKW) will release its third quarter 2023 financial results on Wednesday, November 1, 2023 after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, November 2, 2023.

Global real estate investment company Kennedy Wilson (NYSEKW) today announced that after 33 years of dedicated service, Mary Ricks has decided to retire as President of Kennedy Wilson and as Director on the company’s Board. Mary will serve as a consultant to Kennedy Wilson to aid in the transition.

Global real estate investment company Kennedy Wilson (NYSEKW) has completed three major residential developments in Dublin, Ireland – Coopers Cross, The Grange, and Sanford Lodge – that have added approximately 800 units to Kennedy Wilson’s Irish multifamily portfolio, which now totals over 3,300 units with another 232 units under development.

Global real estate investment company Kennedy Wilson (NYSEKW) today announced that the company will pay a dividend of $0.24 per share to common shareholders of record as of September 29, 2023, with a payment date of October 5, 2023. This quarterly dividend equates to an annual dividend of $0.96 per common share.

Global real estate investment company Kennedy Wilson (NYSEKW) has released its 2022 Environmental, Social, and Governance (ESG) Report. The report highlights Kennedy Wilson’s efforts to strengthen the foundations of the company’s ESG program, which focuses on delivering long-term social, environmental, and economic value across the portfolio and to key stakeholders.

Global real estate investment company Kennedy Wilson (NYSEKW) will release its second quarter 2023 financial results on Wednesday, August 2, 2023 after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, August 3, 2023.

Representing one of the first significant real estate debt transactions in this market cycle, global real estate investment company Kennedy Wilson (NYSEKW) has closed on the initial tranche of loans as part of a $5.7 billion loan portfolio acquisition from Pacific Western Bank. The first tranche of loans acquired by Kennedy Wilson and certain controlled affiliates of Fairfax Financial Holdings Limited (collectively, “Fairfax") (TSX:FFH and FFH.U), a long-time partner of Kennedy Wilson, totaled $3.25 billion in total commitments and $1.8 billion in current principal balance. The first tranche of loans was acquired for $1.6 billion. An additional 12 loans totaling $800 million in commitments are expected to close on a rolling basis by no later than the end of July (collectively, “Loan Portfolio”).

Global real estate investment company Kennedy Wilson (NYSEKW) today announced that the company will pay a dividend of $0.24 per share to common shareholders of record as of June 30, 2023, with a payment date of July 6, 2023. This quarterly dividend equates to an annual dividend of $0.96 per common share.

Global real estate investment company Kennedy Wilson (NYSEKW) will release its first quarter 2023 financial results on Wednesday, May 3, 2023 after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, May 4, 2023.

Global real estate investment company Kennedy Wilson (NYSEKW) today announced that the company will pay a dividend of $0.24 per share to common shareholders of record as of March 31, 2023, with a payment date of April 6, 2023. This quarterly dividend equates to an annual dividend of $0.96 per common share.

Global real estate investment company Kennedy Wilson (NYSEKW) will release its fourth quarter 2022 financial results on Tuesday, February 21, 2023 after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Wednesday, February 22, 2023.

Global real estate investment company Kennedy Wilson (NYSEKW) announces that its real estate debt investment platform surpassed $3 billion in originations in just over two years, with a strong pipeline of new origination opportunities heading into 2023.

Kennedy Wilson Europe Real Estate Limited (“KWE”), a wholly-owned subsidiary of global real estate investment company Kennedy Wilson (NYSEKW) (the “Company”), announced today the results of its previously announced cash tender offer (the “Tender Offer”) to purchase up to €150 million in aggregate nominal amount of its €550 million outstanding euro-denominated 3.25% Notes due 2025 (the “KWE Notes”). A total of €75,000,000 in aggregate nominal amount of the KWE Notes, or 13.64% of the €550 million aggregate nominal amount of the KWE Notes outstanding prior to the Tender Offer, has been validly tendered for purchase pursuant to the Tender Offer. KWE accepted for purchase all of the KWE Notes validly tendered pursuant to the Tender Offer.

Global real estate investment company Kennedy Wilson (NYSEKW) today announced that the company will pay a dividend of $0.24 per share to common shareholders of record as of December 30, 2022, with a payment date of January 5, 2023. This quarterly dividend equates to an annual dividend of $0.96 per common share.

Global real estate investment company Kennedy Wilson (NYSEKW) will release its third quarter 2022 financial results on Wednesday, November 2, 2022 after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, November 3, 2022.

Global real estate investment company Kennedy Wilson (NYSEKW) has released its 2021 Environmental, Social, and Governance (ESG) Report. The report highlights Kennedy Wilson’s commitment to managing sustainability opportunities, minimizing environmental impacts, and enhancing the communities where the company operates across its global business.

Global real estate investment company Kennedy Wilson (NYSEKW) today announced that the company will pay a dividend of $0.24 per share to common shareholders of record as of September 30, 2022, with a payment date of October 6, 2022. This quarterly dividend equates to an annual dividend of $0.96 per common share.

Global real estate investment company Kennedy Wilson (NYSEKW) will release its second quarter 2022 financial results on Wednesday, August 3, 2022 after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, August 4, 2022.

Global real estate investment company Kennedy Wilson (NYSEKW) has acquired a high-quality, diversified portfolio of 20 UK urban logistics assets totalling 1.3 million square feet, via an off-market transaction with UK logistics specialist, Leftfield, for $287 million. Kennedy Wilson has a 20% ownership in the portfolio and invested $24 million of equity in the transaction.

Global real estate investment company Kennedy Wilson (NYSEKW) today announced that the company will pay a dividend of $0.24 per share to common shareholders of record as of June 30, 2022 with a payment date of July 7, 2022. This quarterly dividend equates to an annual dividend of $0.96 per common share.

Global real estate investment company Kennedy Wilson (NYSEKW) has acquired three wholly owned multifamily communities totaling 1,110 units in three separate off-market transactions for $418 million, excluding closing costs. The properties, including Palms at Peccole Ranch in Las Vegas, Nevada, La Privada in Scottsdale, Arizona and San Miguel del Bosque in Albuquerque, New Mexico, expand Kennedy Wilson’s multifamily portfolio focused on institutional-quality, garden style apartments in rapidly growing markets in the Mountain West.

Global real estate investment company Kennedy Wilson (NYSEKW) will release its first quarter 2022 financial results on Wednesday, May 4, 2022 after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, May 5, 2022.

Following the recent completion of the Ten Hanover Quay office development at Capital Dock, global real estate investment company Kennedy Wilson (NYSEKW) and 40% joint venture partner, National Asset Management Agency (‘NAMA’), have signed a full-building lease with a global occupier, signing a new 15-year lease, with a tenant break option at year 12.

Global real estate investment company Kennedy Wilson (NYSEKW) will expand its logistics platform by an additional $1.5 billion, with a focus on acquiring and managing urban logistics properties across the UK, Ireland, and Spain. Kennedy Wilson’s European logistics platform will continue to seek additional last-mile logistics investment opportunities, targeting total assets of up to $2.5 billion, up from an initial target of $1 billion.

Fairfax Financial Holdings Limited, through its affiliates (collectively, “Fairfax”), has agreed to make a $300 million strategic preferred equity investment in global real estate investment company Kennedy Wilson (NYSEKW). Kennedy Wilson expects to use the proceeds to fund its development pipeline and real estate investments, as well as pay off its unsecured bank borrowings in full.

Global real estate investment company Kennedy Wilson (NYSEKW) today announced that the company will pay a dividend of $0.24 per share to common shareholders of record as of March 31, 2022 with a payment date of April 7, 2022. This quarterly dividend equates to an annual dividend of $0.96 per common share.

Global real estate investment company Kennedy Wilson (NYSEKW) has acquired Waverleygate, a wholly-owned prime office building in Edinburgh, from the real assets investment manager PATRIZIA for $106 million, excluding closing costs.

Kennedy Wilson and the Real Estate business within Goldman Sachs Asset Management have acquired Coppins Well, a 236-unit high-rise apartment community in Seattle, Washington for $106.5 million, excluding closing costs. Completed in 2012, the 17-story building complements Kennedy Wilson’s significant multifamily presence in Washington, which now exceeds 10,000 market rate and affordable units.

Global real estate investment company Kennedy Wilson (NYSEKW) will release its fourth quarter and full year 2021 financial results on Wednesday, February 23, 2022 after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, February 24, 2022.

Global real estate investment company Kennedy Wilson (NYSEKW) has entered into a joint venture with Matt Day, owner of Bend-based Hooker Creek Companies, to acquire and develop a vacant 21-acre site in the heart of Bend, Oregon. Acquired on December 31, 2021, the joint venture intends to develop the site into a master-planned community that will likely include a mix of apartments, affordable senior housing, for-sale homes, office space, a boutique hotel, and retail space.

Global real estate investment company Kennedy Wilson (NYSEKW) has acquired a wholly-owned, 528-unit garden style apartment community in Henderson, Nevada for $155 million, excluding closing costs. The acquisition caps off a year of significant growth within Kennedy Wilson’s multifamily platform, which has expanded from 29,840 units at the beginning of 2021 to over 35,000 units across a global portfolio, including 4,500 units under development, the majority of which will be finished by the end of 2023.

Following the acquisition of three industrial properties this week, global real estate investment company Kennedy Wilson (NYSEKW) and its partners have reached $1.2 billion in assets under management within their European industrial portfolios.

Global real estate investment company Kennedy Wilson (NYSEKW) has acquired Forum, a wholly-owned institutional-quality office campus, for $81 million.

Global real estate investment company Kennedy Wilson (NYSEKW) announces that its debt investment platform now exceeds $2 billion in real-estate secured loans, including $300 million in future funding commitments.

Global real estate investment company Kennedy Wilson (NYSEKW) today announced a 9% increase in the common dividend per share to $0.24 per quarter, or $0.96 on an annualized basis. The Company will pay a quarterly dividend to common shareholders of record as of December 31, 2021 with a payment date of January 6, 2022.

Kennedy Wilson and the Real Estate business within Goldman Sachs Asset Management have acquired Arista Uptown, a 272-unit garden-style apartment community in Broomfield, Colorado for $95 million, excluding closing costs. Completed in 2012, the property is spread across seven acres equidistant to Boulder and Denver and offers residents access to significant community amenities including a resort-style-pool, clubhouse, fitness center and dog park.

Building on a unique public-private partnership with California State University Channel Islands (CSUCI), global real estate investment company Kennedy Wilson (NYSEKW) has signed a long-term ground lease for a 32-acre parcel in Camarillo, California owned by the University and unveiled plans for a new mixed-residential community.

Global real estate investment company Kennedy Wilson (NYSEKW) will release its third quarter 2021 financial results on Wednesday, November 3, 2021 after the market closes. The company will hold a live conference call and webcast to discuss results at 7:00 a.m. PT/ 10:00 a.m. ET on Thursday, November 4, 2021.

Global real estate investment company Kennedy Wilson (NYSEKW) has added two wholly owned apartment properties to its Seattle, Washington portfolio. The Kennedy Wilson team acquired The Bristol at Southport, the region’s largest waterfront apartment asset at 383 units, for $191 million and Geo Shoreline, a newly built 164-unit community, for $74 million. The two properties join Kennedy Wilson’s multifamily portfolio focused on high-quality apartments located in rapidly growing markets across the Western United States.

Global real estate investment company Kennedy Wilson (NYSEKW) has acquired Griffis Marston Lake, a wholly owned 332-unit suburban apartment community in Denver, Colorado for $134 million, excluding closing costs. Kennedy Wilson invested $62 million of equity and secured a 10-year, $76 million loan at a fixed-rate of 2.7 percent.

Kennedy-Wilson, Inc. (“Kennedy Wilson”), a wholly owned subsidiary of global real estate investment company Kennedy-Wilson Holdings, Inc. (NYSEKW), today announced the pricing of its offering of $600,000,000 aggregate principal amount of 4.75% senior notes due 2030 (the “notes”). The offering size was increased from the previously announced offering size of $500,000,000 aggregate principal amount of notes. The notes will be senior, unsecured obligations of Kennedy Wilson and will be guaranteed by Kennedy-Wilson Holdings, Inc. and certain subsidiaries of Kennedy Wilson. Closing of the offering is expected to occur on August 23, 2021.

Kennedy-Wilson, Inc. (“Kennedy Wilson”), a wholly owned subsidiary of global real estate investment company Kennedy-Wilson Holdings, Inc. (NYSEKW), today announced its intention to offer, subject to market and other conditions, $500.0 million aggregate principal amount of senior notes due 2030 (the “notes”). The notes will be senior, unsecured obligations of Kennedy Wilson and will accrue interest payable semi-annually in arrears. The notes will mature on February 1, 2030, unless earlier repurchased or redeemed. The interest rate and other terms of the notes will be determined at the pricing of the offering.

Global real estate investment company Kennedy Wilson (NYSEKW) today announced that the company will pay a dividend of $0.22 per share to common shareholders of record as of September 30, 2021 with a payment date of October 7, 2021. This quarterly dividend equates to an annual dividend of $0.88 per common share.

Global real estate investment company Kennedy Wilson (NYSEKW) has expanded its global debt platform to over $3 billion. The platform, which includes partners across insurance and sovereign wealth, invests across the entire real estate debt capital structure in the U.S., UK and Europe, with $1.3 billion of loans currently deployed.

Global real estate investment company Kennedy Wilson (NYSEKW) will release its second quarter 2021 financial results on Wednesday, August 4, 2021 after the market closes. The company will hold a live conference call and webcast to discuss results at 7:00 a.m. PT/ 10:00 a.m. ET on Thursday, August 5, 2021.

Global real estate investment company Kennedy Wilson (NYSEKW) is expanding its presence in the Mountain States through an investment in an 11-acre Opportunity Zone site that will be developed into a 268-unit garden-style community named The Oxbow in Bozeman, Montana. Kennedy Wilson has committed $16 million to the venture in exchange for a 51% ownership in the development alongside equity and operating partner Roundhouse, a Boise-based real estate investment management company.

Global real estate investment company Kennedy Wilson (NYSEKW) (“KW”) has acquired Sombra del Oso, a wholly owned 344-unit apartment community in Albuquerque, New Mexico, for $65 million, excluding closing costs. Kennedy Wilson invested $28 million of equity using proceeds generated from recent asset sales and secured a 10-year loan of $39 million at a fixed-rate of 2.85%.

Global real estate investment company Kennedy Wilson (NYSEKW) has acquired One Embassy Gardens for $252 million, excluding closing costs, in an off-market transaction that is currently expected to add $12 million in annual net operating income.

Global real estate investment company Kennedy Wilson (NYSEKW) has entered into a new joint venture with a global institutional investor to acquire and manage core-plus multifamily communities in the Western U.S.

Global real estate investment company Kennedy Wilson (NYSEKW) and its equity partner have closed the acquisition of The Capitol Building, a Grade A, 173,000 square-foot institutional quality office campus for $66.2 million, reflecting a cap rate of 7.7%.

Global real estate investment company Kennedy Wilson (NYSEKW) has acquired, in separate transactions, three existing apartment communities totaling 640 units for $143 million and an Opportunity Zone development site that is fully entitled for 240 units in the Boise, Idaho region. The three existing apartment communities include one wholly owned asset, The Lofts at Ten Mile, as well two communities, Jasper and Towne Square, that were acquired with the Boise-based real estate investment company Roundhouse. Kennedy Wilson and Roundhouse also acquired the Dovetail development site, which is expected to complete in 2023.

Global real estate investment company Kennedy Wilson (NYSEKW) has released its 2020 Environmental, Social, and Governance (ESG) Report.

Global real estate investment company Kennedy Wilson (NYSEKW) today announced that the company will pay a dividend of $0.22 per share to common shareholders of record as of June 30, 2021 with a payment date of July 8, 2021. This quarterly dividend equates to an annual dividend of $0.88 per common share.

Global real estate investment company Kennedy Wilson (NYSEKW) will release its first quarter 2021 financial results on Wednesday, May 5, 2021 after the market closes. The company will hold a live conference call and webcast to discuss results at 7:00 a.m. PT/ 10:00 a.m. ET on Thursday, May 6, 2021.