Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 113

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 113
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ated investments (which includes fair value movements) and a $52.4 million increase related to foreign exchange movements. There were $16.6 million related to other items, which was primarily due to the Company (i) completing a deed-in-lieu transaction on a bridge loan on a retail center located in the South Bay area in Southern California that is now treated as an unconsolidated investment in the underlying real estate in which the Company's share of the loan was $14.4 million and (ii) making a contribution of three wholly-owned, vacant parcels to its residential development joint venture that have a fair value of $20.0 million which was offset by a $17.4 million reduction of a multifamily joint venture that was recapitalized from 51% to 10%.  The transaction closed at the end of the period and cash was received in the fourth quarter 2025 and will be treated as an investing distribution in the subsequent period.   Please see below for additional details.      As of September 30, 2025 and December 31, 2024, $1,697.7 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 nine months ended September 30, 2025:MultifamilyCommercialFundsResidential, Hotel and OtherTotal(Dollars in millions)OperatingInvestingOperatingInvestingOperatingInvestingOperatingInvestingOperatingInvestingWestern U.S.$28.8 $168.6 $6.5 $— $0.4 $1.3 $0.7 $131.2 $36.4 $301.1 Ireland6.0 0.1 5.6 — — — — — 11.6 0.1 United Kingdom— — — 1.2 — 0.6 7.3 1.8 7.3 Total$34.8 $168.7 $12.1 $— $1.6 $1.3 $1.3 $138.5 $49.8 $308.5 Operating distributions resulted from operating cash flow generated by the joint venture investments that have been distributed