Company's YTD real estate acquisitions total $625M
BEVERLY HILLS, Calif., Jul 05, 2011 (BUSINESS WIRE) --
International real estate investment and services firm Kennedy
Wilson(NYSE: KW) today announced that it closed two
transactions with a combined value of approximately $147 million last
week. On Thursday, Kennedy Wilson acquired a 100% interest in a Northern
California office property and, along with its partners, acquired a 50%
interest in an upscale residential project on the Big Island of Hawaii.
"The company has been very active in 2011, and we continue to find
opportunities in our target markets," said William McMorrow, chairman
and CEO of Kennedy Wilson. "We have raised over $1.75 billion of equity
and corporate debt for the company and its partnerships since going
public in November 2009, allowing us to grow our assets under management
to approximately $10 billion."
Kennedy Wilson's transactions YTD include $625 million of acquisitions
completed or currently under contract, bringing the company's total
acquisitions for the last 18 months to approximately $2.7 billion.
About Kennedy Wilson
Founded in 1977, Kennedy Wilson is an international real estate
investment and services company headquartered in Beverly Hills, CA with
23 offices in the U.S., Europe and Japan. The company offers a
comprehensive array of real estate services including auction,
conventional sales, property services and investment management. Through
its fund management and separate account businesses, Kennedy Wilson is a
strategic investor of real estate investments in the U.S., Europe and
Japan. For further information on Kennedy Wilson, please visit www.kennedywilson.com.
SOURCE: Kennedy Wilson
Kennedy Wilson
Christina Cha
Marketing & Communications Manager
(310) 887-6294
[email protected]
www.kennedywilson.com