Kennedy Wilson’s private equity real estate arm has invested in real estate deals totaling $3 billion since inception in 2000. Today, through six commingled funds (two traditional funds, two club funds and two double bottom line funds), Kennedy Wilson serves as general partner and manager of $1.6 billion in real estate, 10.6 million square feet of office and retail space, and over 7,000 apartment units. With approximately 100 real estate professionals based on the West Coast, Europe and Japan, Kennedy Wilson’s longstanding and extensive network of industry contacts enables the company to find attractive, off-market investment opportunities on behalf of limited partners.
The funds primarily target investments in office, multifamily and other real estate, including loans secured by real estate and for-sale residential in the western U.S. and Hawaii that Kennedy WIlson believes can be acquired at substantial discounts to historical cost and/or offer substantial “value-added” opportunities. Market attributes that the company targets are those that have dense populations, high barriers to entry, difficult entitlement process, and/or limited supply of land for development.
The funds may also jointly invest with Kennedy Wilson's corporate division or other strategic partners of the firm; however, the funds always maintain a controlling equity position in all investments, ensuring management decisions are to the benefit of limited partners.