Company: KW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001408100-25-000115
Chunk: 94

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 94
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2 million which, included $3.3 million and $0.7 million relating to fair value adjustments. The increase in the current period primarily relates to increased NOI at the properties.  As of  March 31, 2025, VHH totaled 12,695 units including 1,870 units under development.  Capital Commitments

    As of March 31, 2025, Kennedy Wilson had unfulfilled capital commitments totaling $279.8 million to nine of its unconsolidated joint ventures, including $53.7 million relating to the Funds, under their respective operating agreements. The Company may be called upon to contribute additional capital to joint ventures in satisfaction of such capital commitment obligations. 

NOTE 5—FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION

    The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of March 31, 2025:(Dollars in millions)Level 1Level 2Level 3TotalUnconsolidated investments$— $— $1,911.1 $1,911.1 Net currency derivative contracts— (14.7)— (14.7)Total$— $(14.7)$1,911.1 $1,896.4     The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2024:(Dollars in millions)Level 1Level 2Level 3TotalUnconsolidated investments$— $— $1,884.4 $1,884.4 Net currency derivative contracts— (1.2)— (1.2)Total$— $(1.2)$1,884.4 $1,883.2 Unconsolidated Investments        Kennedy Wilson elected to use the fair value option for 72 unconsolidated co-investments to more accurately reflect the timing of the value created in the underlying investments and report those results in current operations.  Kennedy Wilson's investment balance in the FV Option investments was $1,814.0 million and $1,787.7 million at March 31, 2025 and December 31, 2024, respectively, which