Company: KW
Filing Date: 2025-11-07
Form Type: 424B3
Source: 0001408100-25-000180
Chunk: 82

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 424B3
Chunk 82
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 in the U.S. and Europe with respect to our commingled funds. Each of our funds have, among other things, defined investment guidelines, investment hold periods and target returns. Currently our U.S.-based funds focus on value-add properties in the U.S. that have an expected hold period of 5 to 7 years. Our European fund focuses on value-add commercial properties in the United Kingdom, Ireland and Spain that also have expected hold periods of 5 to 7 years. As of September 30, 2025, our weighted average ownership interest in the commingled funds that we manage was 13%.

#### VHH
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Through our Vintage Housing Holdings ("VHH") partnership we acquire and develop income and age restricted properties. See a detailed discussion of this business in the Multifamily section below.

#### Investment Types
The following are the product types we invest in through our Consolidated Portfolio and Co-Investment Portfolio segments:

#### Rental Housing
We pursue multifamily acquisition opportunities where we can unlock value through a myriad of strategies, including institutional management, asset rehabilitation, repositioning and recapitalization. We focus primarily on apartments in supply-constrained, infill markets.

As of September 30, 2025, our global rental housing portfolio consisted of 40,872 units and 1,299 single family housing units.

|                                              |     | Total |        |     | Consolidated |       |     | Co-Investments |        |
| Multifamily units - market rate units(1)     |     |       | 27,877 |     |              | 8,162 |     |                | 19,715 |
| Multifamily units - affordable rate units(1) |     |       | 12,995 |     |              |     — |     |                | 12,995 |
| Single family housing units                  |     |       |  1,299 |     |              |     — |     |                |  1,299 |

(1) Includes 2,380 units that are under development or undergoing lease up.

Our largest Western United States multifamily regions are the Mountain West region (which includes our investments in Idaho, Utah, Nevada, Arizona and New Mexico) and the Pacific Northwest (primarily the state of Washington). The remainder of the Western United States portfolio is located in Northern and Southern California. In Europe, we focus on Ireland, particularly Dublin city center and its immediately surrounding