Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 113

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 113
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— 5.1 — 491.7 United Kingdom14.7 168.9 — 29.9 8.8 222.3 Total$1,195.1 $400.9 $122.3 $105.8 $210.6 $2,034.7 

14

Kennedy-Wilson Holdings, Inc.Notes to Consolidated Financial Statements(Unaudited)

    The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of December 31, 2024:(Dollars in millions)MultifamilyCommercialHotelFundsResidential and OtherTotalWestern U.S.$856.0 $74.1 $249.7 $63.4 $183.3 $1,426.5 Ireland279.2 125.1 — 4.9 — 409.2 United Kingdom7.7 154.2 — 28.4 16.4 206.7 Total$1,142.9 $353.4 $249.7 $96.7 $199.7 $2,042.4     During the six months ended June 30, 2025, the change in unconsolidated investments primarily relates to $102.2 million of contributions to new and existing unconsolidated investments primarily for capital calls for new investments in one of its commingled funds in the Western United States and additional acquisitions of single family homes in our United Kingdom single family rental home platform. We also had contributions to European office assets to pay down mortgage debt and to fund operations during lease up. There were $198.5 million of distributions from unconsolidated investments, $11.2 million of losses from unconsolidated investments (which includes fair value movements), and a $58.4 million increase related to foreign exchange movements and $34.2 million related to other items, which was primarily due to the Company (i) completing a deed-in-lieu transaction on a bridge loan on a retail center located in the South Bay area in Southern California that is now treated as an unconsolidated investment in the underlying real estate in which the Company's share of the loan was $14.4 million and (ii) making a contribution of three wholly-owned, vacant parcels to its residential development joint venture that have a fair value of $20.0