Profile: Kennedy-Wilson Holdings Inc (KW.N)

KW.N on New York Stock Exchange

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Kennedy-Wilson Holdings, Inc. (KWH), incorporated on July 9, 2007, is an international real estate investment and services firm. KWH provides various commercial and residential real estate services including property management, asset management, brokerage and marketing in the United States, the United Kingdom, Ireland and Japan primarily to institutional investors, financial institutions, pension funds, and developers. Kennedy-Wilson, principally through joint venture investments, also acquires, renovates and resells commercial and residential real estate, and invests in loan pools and discounted loan portfolios. It operates in two business units: KW Investments and KW Services. In March 2012, the Company acquired Meyers LLC. In April 2012, it sold two multifamily properties. In May 2012, the Company announced the acquisition of Capitol Towers, a 409-unit apartment community in Sacramento, California. In June 2012, the Company acquired the Alliance Building. In June 2012, the Company and its partners acquired Via Verde, a 277-unit apartment complex in Huntington Beach, CA. In July 2012, the Company and its partners acquired Stadium Gateway in Anaheim. In August 2012, the Company and its partner, the European Commercial Real Estate Group of Deutsche Bank AG, acquired a loan portfolio. The properties are commercial real estate assets across a mixture of asset classes, with the majority located in Dublin. In September 2012, the Company and its investment partners acquired Archstone Long Beach Harbor, which is a 160-unit multifamily community in Long Beach, California. In October 2012, the Company acquired Regency Tower Apartments. In November 2012, the Company had The Academy Tower in North Hollywood, California. In November 2012, the Company and one of its investment partners acquired Sandford Lodge, a 119-unit luxury residential apartment community in Dublin, Ireland. In November 2012, the Company acquired Advanced Medical Sales LLC,. Sandpiper Apartments, a 366-unit multifamily community in Holladay, a suburb of Salt Lake City, Utah. In December 2012, the Company acquired Harrington Square, a 217-unit multifamily community in Renton, Washington. In December 2012, the Company and its partners acquired The Ritz-Carlton, Lake Tahoe and The Ritz-Carlton Residences, Lake Tahoe. In April 2013, the Company and patners acquired Montelena Apartments, a 188-unit multifamily community in Hayward, CA. In May 2013, the Company and Partner acquired The Pointe at Redwood Shores, two-story office buildings totaling 89,455 rentable square feet, located in Redwood City, California. In July 2013, Kennedy-Wilson Holdings Inc International real estate investment and Kennedy-Wilson Holdings Inc announced that the Company and its partner completed the purchase of a portfolio of 14 properties.

In June 2011, it acquired Bank of Ireland Real Estate Investment Management (BOI REIM). On June 28, 2011, Kennedy-Wilson acquired a 100% interest in an approximate 200,000 square foot office portfolio in Oakland, California from a related party fund in which Kennedy-Wilson has a 5% ownership interest. During the year ended December 31, 2011, Kennedy-Wilson purchased an additional 24% interest in a condominium project in Northern California. In October 2011, the Company acquired three office buildings in the Los Angeles area, which included 9301 Wilshire, 16501 Ventura and 9320 Telstar. In October 2011, the Company sold its asset types, which included office, retail, industrial, single family homes, condominiums, mixed use projects, land and residential lots located throughout Oregon and California. In November 2011, it acquired 145 Fairfax, a 56,000 square feet office building in the Miracle Mile area of Los Angeles. In December 2011, the Company announced the acquisition of a United Kingdom-based loan portfolio from Bank of Ireland. In December 2011, it acquired La Vista, a 460-unit multifamily community located in Santa Maria, California. In December 2011, the Company completed the acquisition of 6400 Canoga, also known as Warner Atrium, a 126,000 square feet office building in Woodland Hills, California.

As of December 31, 2011, the Company had real estate and real estate related assets under its management (AUM), totaling over 58 million square feet of properties throughout the United States, Europe and Japan. This includes ownership in 13,185 multifamily apartment units, of which 204 units are owned by its consolidated subsidiaries and 12,981 are held in joint ventures. It is a holding company whose primary business operations are conducted through its wholly owned subsidiary, Kennedy-Wilson, Inc. (Kennedy Wilson).

KW Investments

The Company invests its capital and its equity partners' capital in real estate assets and loans secured by real estate through joint ventures, separate accounts, commingled funds, and wholly owned investments. The Company is the general partner in these investment vehicles with ownership interests ranging from approximately 5%-50%. Its equity partners include financial institutions, foundations, endowments, high-net-worth individuals and other institutional investors. It gets a promoted interest in the profits of its investments beyond its ownership percentage. Its primary investment markets include California, Washington, Hawaii, the United Kingdom and Japan.

KW Services

KW Services offers a line of real estate services for the full lifecycle of real estate ownership and investment to clients that include financial institutions, developers, builders and government agencies. KW Services has three business lines: auction and conventional sales, property services and investment management. These three business lines generate revenue for the Company through commissions and fees. During 2011, it auctioned and conventionally sold over $215 million of real estate. It completed 13 builder/new home auctions in California, Washington, Oregon, Texas, Florida, North Carolina, South Carolina, and Utah. It completed nine scattered auctions in California, Washington, and Oregon along with six conventional sales programs in California. Through its investment management business, it provides acquisition, asset management and disposition services to our equity partners, as well as to third parties.

Company Address

Kennedy-Wilson Holdings Inc

Suite 700, 9701 Wilshire Blvd.
BEVERLY HILLS   CA   90212
P: +1310.8876400
F: +1310.8873410

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