Global real estate investor Kennedy Wilson announced on Wednesday that its debt investment platform now exceeds $2 bn (€1.78 bn) in real-estate secured loans, including $300 mln in future funding commitments.

Silva

Silva

Kennedy Wilson reached the milestone following the launch of the debt platform in 2020 and a subsequent expansion into Europe in mid-2021. The company’s global debt platform is targeting $3 bn in total loan investments.

Since January 2021, the company has originated $1.4 bn in loans while achieving $260 mln in loan repayments.

‘We are pleased to surpass the $2 bn mark just one year following the launch of our debt platform, which is a testament to the flexibility of our capital solutions and the unique perspective we offer as an asset manager with an ownership interest in $21 bn of real estate globally,’ said Matt Windisch, executive vice president at Kennedy Wilson. ‘Our strategy of providing capital to strong sponsors with high-quality real estate in the markets we know best along with our no-nonsense approach to lending provides a long runway to continue building on our debt platform in the coming years.’

Kennedy Wilson invests alongside its strategic partners with an average ownership of 7.5% across the debt portfolio, which is unlevered and backed by a group of well-capitalized sponsors with an average loan size of $70 mln. The loans are primarily secured by multifamily, office and hospitality properties located throughout Kennedy Wilson’s core US markets as well as the UK.  

‘Our European lending activity has taken off since we expanded into our core European markets earlier this year,’ said Fiona D’Silva, head of Investment, Europe. ‘We are filling a need for a streamlined and efficient approach to lending, and we are excited to expand on our progress, offering creative financing solutions across the capital structure and risk spectrum.’

Kennedy Wilson coinvests alongside its partners with an expected 5-10% average ownership in future loans.