Company: KW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001408100-25-000115
Chunk: 190

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 190
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 was primarily due to the Company completing a deed-in-lieu transaction on a bridge loan on a retail center in well located section of the South Bay area in Southern California that is now treated as an unconsolidated investment in the underlying real estate.  Please see below for additional details.      As of March 31, 2025 and December 31, 2024, $1,911.1 million and $1,884.4 million, respectively, of unconsolidated investments were accounted for under fair value.  See Note 5 for more detail.Distributions from Joint Ventures    The following table details cash distributions by investment type and geographic location for the three months ended March 31, 2025:MultifamilyCommercialFundsResidential and OtherTotal(Dollars in millions)OperatingInvestingOperatingInvestingOperatingInvestingOperatingInvestingOperatingInvestingWestern U.S.$8.6 $0.1 $2.3 $— $— $— $0.6 $6.2 $11.5 $6.3 Ireland2.7 0.1 1.4 — — — — — 4.1 0.1 United Kingdom— — — — — — 0.4 — 0.4 — Total$11.3 $0.2 $3.7 $— $— $— $1.0 $6.2 $16.0 $6.4 Operating distributions resulted from operating cash flow generated by the joint venture investments that have been distributed to the Company. Investing distributions related to the redemption of interests in hedge fund investments that the Company holds.Income (Loss) from Unconsolidated Investments    The following table presents (loss) income from unconsolidated investments recorded by Kennedy Wilson during the three months ended March 31, 2025 and 2024:Three Months Ended March 31,(Dollars in millions)20252024Income from unconsolidated investments - operating performance$10.7 $7.8 Income from unconsolidated investments - fair value8.9 1.9 Loss from unconsolidated investments - carried interests Funds(5.3)(14.9)Loss from unconsolidated investments - carried interests co-investments(2.9)(1.