
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.
