Kennedy Wilson Targets $3B After Reaching $2B in RE-Secured Loans

Kennedy Wilson’s debt investment platform now exceeds $2 billion in real estate-secured loans, including $300 million in future funding commitments. The firm 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 percent 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. Together with its partners, Kennedy Wilson has completed approximately $8 billion in real estate related debt investments since 2010.