Investor base spans the U.S., Europe and the Middle East
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Jun. 19, 2013--
International real estate investment and services firm Kennedy
Wilson (NYSE:KW) today announced that it successfully
completed fundraising for Kennedy Wilson Real Estate Fund IV (“Fund IV”)
with capital commitments of $303 million, including $15 million from
Kennedy Wilson.
“We are extremely appreciative for the support of our investors,” said
William McMorrow, chairman and CEO of Kennedy Wilson. “We believe the
current environment provides an excellent opportunity to generate
favorable returns.”
Fund IV, through wholly-owned investments and joint ventures, has
amassed a portfolio of 26 investments throughout the Western U.S. since
mid-2011. The aggregate purchase price of these investments exceeds $1
billion. Fund IV’s assets are diversified across property types,
including multifamily, office, retail and residential properties.
Donald Herrema, executive vice chairman of Kennedy Wilson, commented,
“Fund IV follows Kennedy Wilson’s long-held strategy of leveraging its
real estate services platform in sourcing attractive investments, and
our strong track record has attracted high quality new investors.”
Fund IV's investor base spans the U.S., Europe and the Middle East and
includes pension funds, university endowments and family offices.
About Kennedy Wilson
Founded in 1977, Kennedy Wilson is an international real estate
investment and services company headquartered in Beverly Hills, CA with
24 offices in the U.S., U.K., Ireland, Spain and Japan. The company
offers a comprehensive array of real estate services including auction,
conventional sales, property services, research 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., U.K., Ireland and Japan. For further information on Kennedy
Wilson, please visit www.kennedywilson.com.
Source: Kennedy Wilson
Kennedy Wilson
Christina Cha
VP of Corporate Communication
310-887-6294
[email protected]
www.kennedywilson.com