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BEVERLY HILLS, CA-Kennedy Wilson Inc. has assumed property management responsibilities for 13 investment properties owned by Bank of America as trustee. The portfolio includes office and commercial assets totaling over 245,000 sf in Beverly Hills, Los Angeles and Palm Springs.

Jim Rosten, president of Kennedy Wilson Properties Ltd., says the contract is the first of its kind for the Beverly Hills-based real estate investment and services company, which is marketing its management services to other banks and trust companies as well.

Kennedy Wilson Properties Ltd. is a wholly owned subsidiary of Kennedy Wilson that has more than 70 million sf of real estate under management for institutional clients, individual investors and investment groups.

Kennedy-Wilson Inc. is an international real estate services and fund management firm with 20 offices in the United States and Japan. The company invests both in partnership with institutional partners and in wholly owned projects in the United States and Japan.

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