BEVERLY HILLS, CA—Kennedy Wilson and Fairfax Financial Holdingshave joined forces to create a $2 billion debt platform that willpursue first mortgage loans secured by real estate in the WesternUS, Ireland and the UK.

|

Asset manager Kennedy Wilson will co-invest alongside Fairfaxwith an average ownership of 20% in the investments, which will bemade without leverage, and will earn customary management andperformance fees.

|

This initiative is the latest endeavor in the two companies'long-standing relationship. Kennedy Wilson and Fairfax firstinvested together in 2010 when they acquired $250 million of realestate assets, including real estate secured loans and realproperty. Over the past decade, the companies have partnered on $7billion in aggregate acquisitions, including over $3 billion ofreal estate related debt investments. In addition, Fairfaxcurrently has a 9% equity ownership interest in Kennedy Wilson.

|

Kennedy Wilson, together with its partners, has purchased ororiginated over $6 billion of real estate related debt since2010.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.