Kennedy Wilson says it has closed US$1.1B in new acquisitions in its core markets since December 2009
BEVERLY HILLS, California
July 19, 2010
– International real estate investment and services company Kennedy Wilson (NYSE: KW - News) today announced that since December 2009, it with its joint venture partners have closed $1.1 billion in value of new acquisitions in its core markets. The transactions include debt purchases and income properties.
“These investments are in line with the company’s focus on opportunistically growing its assets under management throughout the western U.S.,” stated William McMorrow, chairman and CEO of Kennedy Wilson. “We are seeing considerable deal flow, and our team continues to source and execute deals during this market cycle.”
About Kennedy Wilson
Founded in 1977, Kennedy Wilson is an international real estate investment and services company headquartered in Beverly Hills, CA with 21 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.
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