Kennedy-Wilson Holdings Inc

Kennedy-Wilson Holdings, Inc. is a real estate investment company operating in the United States and Europe with its subsidiaries. It invests in rental housing and industrial properties, and originates, manages, and services real estate loans, primarily senior construction loans secured by multifamily and student housing properties being developed by institutional sponsors. The company also invests in office assets and other properties, including hotels and retail, and is involved in development, redevelopment, and entitlement projects, as well as providing an investment management platform. Founded in 1977, it is headquartered in Beverly Hills, California.

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Kennedy Wilson Acquires 421-Unit Multifamily Community in Westchester County for $237 Million

Kennedy Wilson has partnered with Kenedix and Hulic to acquire Carraway, a 421-unit multifamily community in West Harrison, New York, for $237 million. The Class A property, completed in 2021, is located in Westchester County approximately 25 miles north of Manhattan and features a mix of studio, one-bedroom and two-bedroom residences, structured parking and about 6,400 square feet of ground-floor retail space. The acquisition expands Kennedy Wilson's investment management platform and deepens its relationship with the two Japanese partners, marking their fourth joint venture investment together. Carraway benefits from average household incomes exceeding $175,000 in the area and proximity to major employers such as IBM, PepsiCo, Mastercard, Morgan Stanley and Regeneron, with rents increasing more than 5% over the last year.

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