Kennedy Wilson (NYSE:KW) is a global real estate investment company. We own, operate, and invest in real estate on our own and through our investment management platform. We focus on multifamily and commercial properties located in the Western U.S., U.K., Ireland, Spain, Italy and Japan. To complement our investment business, we also provide real estate services primarily to financial services clients.
Our value is largely derived from our ownership in income producing real estate assets. We have an ownership interest in approximately 39 million square feet of property globally, including 24,371 multifamily rental units. In addition to our core income producing real estate, we engage in redevelopment and value add initiatives through which we enhance cash flows or reposition assets to increase value. Additionally, our investment management and property services businesses manage more than $18 billion of AUM, the majority of which we have an ownership interest in and the balance we manage for third parties.
Founded in 1977, we have approximately 500 employees in 25 offices throughout the U.S., U.K., Ireland, Jersey, Spain and Japan.