Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 282

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 282
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 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 nine months ended September 30, 2025, our investment management platform generated a total of $84.8 million of asset management fees representing a growth of 23% over the same period in 2024.  

For the nine months ended September 30, 2025, our 233 employees managed our $31.0 billion of AUM, which includes a total of 71,364 multifamily units in which we hold ownership interest in (40,872 units and 1,299 single family units) or finance (29,193 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)$31.0 $14.6 $16.4 31 %Rental HousingMultifamily units - market rate(2)27,877 8,162 19,715 47 %Multifamily units - affordable(2)12,995 — 12,995 45 %Single family housing units1,299 — 1,299 10 %Real Estate Credit(primarily secured by Rental Housing Assets)Real estate debt investments - 100% (billions)$10.5 $— $10.5 4 %Industrial and Other Real Estate InvestmentsIndustrial square feet (millions)(2)12.7 — 12.718 %US Office square feet (millions)(2)5.3 1.34.035 %Europe Office feet square feet (millions)(2)4.5 3.11.475 %Retail square feet (millions)(2)2.5 1.01.542 %Hotels(2)1 — 135 %

(1) Weighted-average