Kennedy Wilson Reaches $7B in Real Estate Debt Originations

Global real estate investment company Kennedy Wilson said Monday real estate debt investment platform more than doubled in size in the past year and has reached $7 billion in originations with a strong pipeline of new opportunities. The milestone comes on the heels of Kennedy Wilson’s acquisition of a $4.1-billion loan portfolio from a regional bank in June 2023 and the subsequent integration of the bank’s lending team.

Since the acquisition of the portfolio, the debt team has closed approximately $500 million of new loans, with $1.3 billion currently expected to close by the second quarter of 2024. The focus has been primarily on multifamily and student housing construction lending opportunities with high-quality sponsors seeking loans in the range of $40 million to $200 million.

“The debt platform has become our fastest growing business unit, contributing to a record level of fee-bearing capital for Kennedy Wilson,” said president Matt Windisch. “The platform has positioned us with strong income streams and real time market information that will enable us to source opportunities across the real estate capital stack that will inevitably arise from current market dislocation.”