- Kennedy Wilson (KW, Financial) partners with Tokyu Land US to launch a $200 million real estate investment platform.
- The platform focuses on preferred equity and mezzanine loans for multifamily and industrial projects.
- Kennedy Wilson holds a 10% stake and manages the investments, targeting returns with low to mid-teen yields.
Kennedy Wilson (KW), a global real estate investment company, has joined forces with Tokyu Land US, a subsidiary of Japan’s Tokyu Land Corporation. Together, they have unveiled a new investment platform focusing on preferred equity and mezzanine real estate investments. The ambitious joint venture aims to mobilize over $200 million, targeting multifamily and industrial projects across the United States.
This strategic partnership will see Kennedy Wilson holding a 10% stake in the venture while managing the investments. Their goal is to contribute to markets with strong local economies and promising employment prospects. The targeted investment sizes will generally range from $10 million to $50 million.
The platform aims to offer stable returns with attractive yields in the low to mid-teen range, providing robust downside protection. By leveraging Kennedy Wilson's expertise and extensive portfolio of over 60,000 rental units and 12.4 million square feet of industrial space, the venture is poised to capitalize on opportunities within resilient multifamily and industrial sectors.
Both companies will lend their market knowledge and relationships to ensure each investment within the platform is thoroughly vetted and approved, aiming to drive sustained growth and capitalize on Kennedy Wilson’s commitment to expanding its credit platform.
