Kennedy Wilson, a global leader in real estate investment, announced on Monday that their debt investment platform has experienced significant growth over the past year. With $7 billion in originations and a robust pipeline of new opportunities, the platform has more than doubled its size.
This milestone follows Kennedy Wilson’s acquisition of a $4.1-billion loan portfolio from a regional bank in June 2023 and the successful integration of their lending team.
Since acquiring the portfolio, Kennedy Wilson’s debt team has closed approximately $500 million worth of new loans with an additional $1.3 billion expected to close by Q2 2024. Their focus has been primarily on multifamily and student housing construction lending opportunities for high-quality sponsors seeking loans ranging from $40 million to$200 million.
According to President Matt Windisch, “The rapid growth of our debt platform is contributing significantly to our record level of fee-bearing capital at Kennedy Wilson.” He added that this success positions them well for future market dislocations as they have access to strong income streams and real-time market information through their platform.
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