Categorized | Investing

$147 Million Acquisitions in California and Hawaii

$147 Million Acquisitions in California and Hawaii
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Kennedy Wilson (NYSE:KW), a globally recognized real estate investment and services firm, declared the closure of two transactions in the real estate property having an approximate value of $147 million in the previous week. These investments took place in the state of California. The KW firm is presently holding 100 per cent interest in office properties in the Northern California and a share of 50% interest in a residential project of an upscale nature on the Island of Hawaii in alliance with other partners.

The firm came into existence in the year 1977 and soon became a global real estate investment ans services company which has its head office in Beverly Hills, CA having a network of 23 offices in Europe, US and Japan.

The announcement of the acquisitions came out on June 29th that the real estate firm came into an agreement with two other internatiional institutional investors which is inclusive of an affiliate of Fairfax Financial Holdings Ltd. The organization further announced that not a single private placement agent is associated with the real estate deal.

The property deal of the California-based Kennedy Wilson will expand the shareholder’s base of the company and will provide gross income valuing approximately $51.4 million.

While taking an interview of the Chairman and CEO of the real estate firm, Mr. William McMorrow said that the company has succeeded in raising equities and corporate debt of over $1.75 billion and the partnerships in the investment regards will take the assets of the company to a level of $10 billion.

The total transactions of the firm for the last 18 months has been valued to $2.7 billion in which both the currently under process and completed acquisitions are included.

 

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About Drew Wilson

Drew focuses on the Commercial and Mortgage/Finance categories.

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