Kennedy Wilson has successfully closed senior construction loans for three student housing projects, totaling $184 million. These developments are located at the University of Wisconsin – Madison, University of North Texas and University of California, Berkeley.
Through their debt investment platform, Kennedy Wilson has expanded their student housing loan portfolio to a total value of $850 million. This will allow for the development of approximately 8,800 beds. Additionally, they are currently evaluating an additional $1 billion in new student housing loans that would provide 8,200 more beds.
According to Thomas Whitesell , head of Kennedy Wilson’s debt investment group: “Student housing continues to outperform many other asset classes due to strong operating fundamentals and limited new development in high-barrier markets near growing educational institutions.” He also expressed pride in the company’s history as a leading originator for student housing loans and its current position as one of the most active lenders in this sector nationwide.
This recent success further solidifies Kennedy Wilson’s reputation as a top player in real estate investments and highlights their commitment to providing quality living options for students across various university campuses.
