Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 51

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 51
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.8 million of proceeds from repayments on loans previously issued.  We spent $25.7 million on acquisition of an industrial development asset in London and $30.8 million on capital expenditures related to consolidated assets primarily relating to development properties as well as value add additions to our operating properties. We also contributed $108.2 million to unconsolidated investments that were primarily used to fund new acquisitions, capital expenditures for new home construction at our Kohanaiki residential development and to pay down property debt held within unconsolidated investments. 

    Net cash provided by investing activities totaled $258.2 million for the nine months ended September 30, 2024. We received $457.6 million from the sale of Shelbourne Hotel, a building at the 90 East office complex in Issaquah, Washington, a multifamily property in Oregon and non-core commercial assets in the United Kingdom Spain. We received $22.9 million in investing distributions from our co-investments primarily from excess proceeds from refinancing mortgage loans on unconsolidated investments, conversion of VHH assets and redemption of a hedge fund investment. Loan draws and our share of new loans issued as part of our Construction Loan and bridge credit platform totaled $31.3 million. We received $26.4 million of proceeds from repayments on loans previously issued. We spent $110.8 million on capital expenditures related to consolidated assets primarily relating to development properties as well as value add additions to our operating properties. We also contributed $86.9 million to unconsolidated investments that were primarily used to fund our share of new acquisitions made within our new commingled fund in the United States, capital calls on European developments, capital calls on the Kona Village hotel while we are working towards stabilization and a merger relating to our investment in Zonda.

71

Financing

Our net cash related to financing activities are generally impacted by capital-raising activities net of dividends and distributions paid to common and preferred shareholders and noncontrolling interests as well as financing activities for consolidated real estate investments.  Net cash used in financing activities totaled $413.2 million for the nine months ended September 30, 2025.  During the nine months ended September 30, 2025, we drew $170.0 million on our revolving line of credit and repaid $178.7 million on the line of credit.  We made $314.8 million of repayments on mortgage debt relating to the recapitalization of multifamily property discussed above