Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 322

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 322
---
Our cash flows from investing activities are generally comprised of cash used to fund property acquisitions, investments in co-investments, capital expenditures, purchases and originations of loans secured by real estate, as well as cash received from property sales and sales from our co-investments. Net cash provided by investing activities totaled $462.1 million for the six months ended June 30, 2025. We received $423.9 million from the sale and deconsolidation of a 90% interest in a wholly-owned multifamily asset in Northern California, two non-core office buildings in Ireland and non-core commercial assets in the United Kingdom. We received $167.3 million in investing distributions from our co-investments primarily from the recapitalization of our interest in Kona Village, excess proceeds from multifamily properties that were refinanced, the payoff of a loan in our European loan business and the redemption of our interests in hedge funds.  Loan draws and our share of new loans issued as part of our Construction Loan and bridge credit platform totaled $26.0 million.  We received $32.9 million of proceeds from repayments on loans previously issued.  We spent $25.7 million on acquisition of an industrial development asset in London and $20.4 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 $87.8 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 $173.6 million for the six months ended June 30, 2024. We received $330.6 million from the sale of Shelbourne Hotel, a building at the 90 East office complex in Issaquah, Washington and non-core commercial assets in the United Kingdom. We received $4.8 million in investing distributions from our co-investments primarily from 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 $21.0 million.  We received $15.3 million of proceeds from repayments on loans previously issued. We spent $88.7 million on capital expenditures on consolidated assets primarily relating to development properties as well as value add additions to our operating properties. We also contributed $59.4 million to un