Company: KW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001408100-25-000115
Chunk: 189

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 189
---
.Joint Venture and Fund HoldingsThe following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of March 31, 2025:(Dollars in millions)MultifamilyCommercialHotelFundsResidential and OtherTotalWestern U.S.$859.4 $87.9 $248.1 $63.0 $177.1 $1,435.5 Ireland301.5 128.3 — 5.0 — 434.8 United Kingdom9.5 159.4 — 29.1 16.4 214.4 Total$1,170.4 $375.6 $248.1 $97.1 $193.5 $2,084.7     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 three months ended March 31, 2025, the change in unconsolidated investments primarily relates to $21.8 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 home platform. We also had contributions to European office assets to pay down mortgage debt and to fund operations during lease up. There were $22.4 million of distributions from unconsolidated investments, $11.4 million of 

12

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

losses from unconsolidated investments (which includes fair value movements), a $18.4 million increase related to foreign exchange movements, and $14.1 million related to other items, which