Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 273

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 273
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 Management (“AUM”) in high growth markets across the United States, the United Kingdom and Ireland.  With an objective of generating strong long-term risk-adjusted returns for our shareholders and partners and drawing on over three decades of experience in identifying opportunities and building value through various market cycles, 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 being developed by institutional sponsors throughout the United States).  We have recently focused on growing our investment management and co-investment platform whereby we invest a minority position (with the potential for carried interest) and earn our pro-rata share of income as well as asset management fees in our role as asset manager.  During the six months ended June 30, 2025, our investment management platform generated a total of $61.4 million of asset management fees representing a growth of 30% over the same period in 2024.  

For the six months ended June 30, 2025, our 244 employees managed our $30.1 billion of AUM, which includes a total of 68,986 multifamily units in which we hold ownership interest in (39,894 units and 1,177 single family units) or finance (27,914 units).  Over the past several years, in line with our focus on the growth of our investments in housing and the continued execution of our capital recycling plan and our recent non-core asset disposition plan, our global investment portfolio has significantly evolved to be weighted heavily in equity and debt investments in the rental housing sector, specifically multifamily, both market rate and affordable, and student housing. The table below details key metrics and information of our global investment portfolio (in total and in each of our segments):     

TotalConsolidatedCo-InvestmentsOwnership(1)AUM (billions)$30.1 $14.0 $16.1 32 %Rental HousingMultifamily units - market rate(2)27,199 8,250 18,949 52 %Multifamily units - affordable(2)12,695 — 12,695 45 %Single family housing units1,177 — 1,177 10 %Real Estate Credit(primarily secured by Rental Housing Assets)Real estate debt investments - 100% (bill