Company: KW
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058797
Chunk: 38

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 38
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 cycles and conditions, we primarily focus on (i) investing in the rental housing sector (both market rate and affordable units) and industrial properties; and (ii) originating, managing and servicing real estate loans (primarily senior construction loans secured by high quality multifamily and student housing properties that are developed by institutional sponsors throughout the United States). Over the past few years, we have also focused on growing our investment management and co-investment platform whereby we invest a minority equity position (with the potential for carried interests) alongside our partners and earn a pro-rata share of income as well as asset management fees in our role as asset manager.

| Two Key Investment Segments                                             |                                                                                                 |                                                                                                                               |
| Consolidated Portfolio                                                  |                                                                                                 | Co-Investment portfolio                                                                                                       |
| •Permanent capital vehicle focused on maximizing property cash flow     
 •Wholly-owned investments with accretive asset management opportunities 
 •Longer-term hold period                                                |                                                                                                 | •Complementary platform generating recurring asset management fees and carried interests; $8.8 billion of fee-bearing capital |
|                                                                         | •Includes real estate and loan investments with strategic partners and commingled fund business |                                                                                                                               |
|                                                                         | •Primary investors include:                                                                     |                                                                                                                               |
|                                                                         |                                                                                                 | •insurance companies                                                                                                          |
|                                                                         | •sovereign wealth fund                                                                          |                                                                                                                               |
|                                                                         | •public and private pension plans                                                               |                                                                                                                               |
|                                                                         | •family office and private equity clients                                                       |                                                                                                                               |

24/Kennedy Wilson/ Proxy Statement 2025

#### EXECUTIVE COMPENSATION
Traditional REITs Do Not Provide a True Comparison to Kennedy Wilson While it may initially appear that publicly-traded REITs that hold investments in similar asset classes are the closest comparison to us, our global operations, diverse investment philosophy, significant strategic capital platforms differentiates us from most REITs. Instead, we directly compete with a combination of private equity real estate companies, investment banks and sophisticated family offices, among others, in terms of deal sourcing, accessing third-party capital and the recruitment of talent. Many of these companies are privately-held or have a real estate platform that is one operating segment where compensation information is not publicly disclosed and unavailable to directly compare our NEOs’ compensation to that of our closest competitors.

|                                                                                                                                                   | Kennedy-WilsonHoldings, Inc. | TraditionalPublicly-Traded RealEstate Company Business Model | Private Equity RealEstate Firms |
| Source and use strategic third-party