Kennedy Wilson Global Debt Platform Crosses $2 Billion Milestone
2021年12月14日 - 8:00PM
ビジネスワイヤ(英語)
Platform includes loans secured by high-quality
real estate across the Western U.S. and Europe
Global real estate investment company Kennedy Wilson (NYSE: KW)
announces that its debt investment platform now exceeds $2 billion
in real-estate secured loans, including $300 million in future
funding commitments.
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Kennedy Wilson's global debt platform has
surpassed $2 billion in real estate secured loans, including a loan
for ZIA Sunnyside in Denver, CO. (Photo: Business Wire)
Kennedy Wilson reached the milestone following the launch of the
debt platform in 2020 and a subsequent expansion into Europe in
mid-2021. The company’s global debt platform is targeting $3
billion in total loan investments. Since January 2021, the Company
has originated approximately $1.4 billion in loans while achieving
$260 million in loan repayments.
“We are pleased to surpass the $2 billion mark just one year
following the launch of our debt platform, which is a testament to
the flexibility of our capital solutions and the unique perspective
we offer as an asset manager with an ownership interest in $21
billion of real estate globally,” said Matt Windisch, Executive
Vice President at Kennedy Wilson. “Our strategy of providing
capital to strong sponsors with high-quality real estate in the
markets we know best along with our no-nonsense approach to lending
provides a long runway to continue building on our debt platform in
the coming years.”
Kennedy Wilson invests alongside its strategic partners with an
average ownership of 7.5% across the debt portfolio, which is
unlevered and backed by a group of well-capitalized sponsors with
an average loan size of $70 million. The loans are primarily
secured by multifamily, office and hospitality properties located
throughout Kennedy Wilson’s core U.S. markets in California,
Washington, Utah and Colorado as well as the United Kingdom.
“Our European lending activity has taken off since we expanded
into our core European markets earlier this year,” said Fiona
D’Silva, Head of Investment, Europe. “We are filling a need for a
streamlined and efficient approach to lending, and we are excited
to expand on our progress, offering creative financing solutions
across the capital structure and risk spectrum.”
Kennedy Wilson coinvests alongside its partners with an expected
5-10% average ownership in future loans. The platform is the latest
venture in Kennedy Wilson’s long history of debt investment
activity. Together with its partners, Kennedy Wilson has completed
approximately $8 billion in real estate related debt investments
since 2010.
About Kennedy Wilson
Kennedy Wilson (NYSE:KW) is a leading global real estate
investment company. We own, operate, and invest in real estate
through our balance sheet and through our investment management
platform. We focus on multifamily and office properties located in
the Western U.S., U.K., and Ireland. For further information on
Kennedy Wilson, please visit: www.kennedywilson.com.
KW-IR
Special Note Regarding Forward-Looking Statements
Statements in this press release that are not historical facts
are “forward-looking statements” within the meaning of U.S. federal
securities laws. These forward-looking statements are estimates
that reflect our management’s current expectations, are based on
our current estimates, expectations, forecasts, projections and
assumptions that may prove to be inaccurate and involve known and
unknown risks. Accordingly, our actual results, performance or
achievement, or industry results, may differ materially and
adversely from the results, performance or achievement, or industry
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including for reasons that are beyond our control. Some of the
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version on businesswire.com: https://www.businesswire.com/news/home/20211214005486/en/
Investors Daven Bhavsar, CFA Vice President of Investor
Relations (310) 887-3431 dbhavsar@kennedywilson.com
Media Emily Heidt Director of Public Relations +1 (310)
887-3499 eheidt@kennedywilson.com
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