Company: KW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001408100-25-000115
Chunk: 221

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 221
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 (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 three months ended March 31, 2025, our investment management platform generated a total of $25.0 million of asset management fees representing a growth of 17% over the same period in 2024.  

For the three months ended March 31, 2025, our 244 employees managed our $28.6 billion of AUM, which includes a total of 64,782 multifamily units in which we hold ownership interest in (38,714 units and 985 single family units) or finance (25,083 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)$28.6 $13.9 $14.7 35 %Rental HousingMultifamily units - market rate(2)26,019 9,258 16,761 57 %Multifamily units - affordable(2)12,695 — 12,695 45 %Single family housing units985 — 98510 %Real Estate Credit(primarily secured by Rental Housing Assets)Real estate debt investments - 100% (billions)$9.1 $— $9.1 4 %Industrial and Other Real Estate InvestmentsIndustrial square feet (millions)(2)12.2 — 12.218 %US Office square feet (millions)(2)5.8 1.44.434 %Europe Office feet square feet (millions)(2)4.