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Alternative Assets  + Latest News  + Real Estate  |  December 15, 2022
Kennedy Wilson Holdings Inc Real Estate Debt Platform Eclipses $3B in Originations driven by the feature of lending on an unlevered basis.
Joe Palmisano
By: Joe Palmisano

Kennedy Wilson Real Estate Debt Platform Eclipses $3B in Originations

Kennedy Wilson’s real estate debt investment platform crossed $3bn in originations in just over two years, driven by the feature of lending on an unlevered basis.

The global real estate company based in Los Angeles has originated approximately $1.1bn in loans to date, including $140mn in future fundings, and achieved over $425mn in loan repayments. The company has closed more than $235mn in debt deals so far this quarter.

Matt Windisch, the company’s executive vice president, attributed its lending success to its strategy of financing on an unlevered basis, which has enabled the team to stay active while “many traditional institutional lenders reduced their origination capacity.”

Windisch added that recent market activity has allowed the company to lend to high quality sponsors at lower leverage points with current returns improving “into the high teens.”

The loans are primarily secured by multifamily, hospitality and office properties located throughout Kennedy Wilson’s core US markets. The company has completed over $9bn in real estate related debt investments since 2010.

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Kennedy Wilson

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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