Kennedy Wilson Increases Efforts to Acquire Distressed Assets in the Mountain States

Rob Verratti Joins Kennedy Wilson Multifamily as Acquisitions Manager
BEVERLY HILLS, Calif.--(Business Wire)--
Bob Hart, president and CEO of Kennedy Wilson Multifamily, a division of
international real estate investment and services company Kennedy Wilson
(NYSE:KW), today announced that Rob Verratti has joined the firm as acquisitions
manager. Verratti will focus on distressed residential real estate asset
opportunities in the Denver and Western Slope markets.

"Kennedy Wilson`s vast resources and experience provide significant value to the
market in Denver," Verratti said. "The company has managed and invested in a
wide range of property types, including residential, multifamily and resorts. I
believe there`s a great need, especially in this economy, for a company with
Kennedy Wilson`s extensive expertise and far-reaching relationships to assist
distressed owners."

Verratti`s experience includes twenty years in real estate and with companies
such as WestStar Bank (now US Bank) and Wells Fargo. Previously, he was partner
and owner of Mesa Homes Development, where he identified, structured and managed
residential and commercial real estate development projects valued in excess of
$250 million.

Hart stated, "Rob has deep knowledge of lending and underwriting as well as
development, which enables him to understand the viewpoint of owners, bankers
and developers. He is able to relate to the struggles as well as identify the
opportunities."

About Kennedy Wilson

Founded in 1977, Kennedy Wilson is an international real estate investment and
services company headquartered in Beverly Hills, CA with 22 offices in the U.S.
and Japan. The company offers a comprehensive array of real estate services
including property and asset management, brokerage and auction services, and
construction and trust management. Through its fund management and separate
account businesses, Kennedy Wilson is a strategic investor and manager of real
estate investments in the U.S. and Japan. For further information on Kennedy
Wilson, please visit www.kennedywilson.com.

Forward-Looking Statements

This press release contains forward-looking statements as well as historical
information. Statements of goals and strategies and words such as "plan,"
"believe," "anticipate," "expect," "objectives," "forecast," "predict" and other
similar words are intended to identify forward-looking statements. These
forward-looking statements are included in accordance with the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995, and involve
risks, uncertainties and other factors that may cause the company's actual
results, performance, or financial condition to be materially different from any
results, performance, or financial condition suggested by the statements on this
site.

Kennedy Wilson Multifamily
Bob Hart, President and CEO
310-887-6473
rhart@kennedywilson.com
www.kennedywilson.com

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