Kennedy Wilson, a global real estate investment firm, closed over $1.4 billion in senior construction loans in the fourth quarter of 2024. Throughout the year, the company’s debt investment platform originated $3.5 billion in new loans, supporting real estate projects expected to add more than 12,000 multifamily and student housing units.
These developments, currently under construction, are positioned near retail hubs and transit networks. They feature modern amenities, including resort-style pools, fitness centers, outdoor lounges, and secured parking.
Thomas Whitesell, Head of the Debt Investment Group at Kennedy Wilson, highlighted the firm’s strong performance. “Closing 2024 on this trajectory reinforces our position in the construction lending market. As private credit expands, our team remains focused on strategic underwriting and tailored financing solutions to support innovative multifamily and student housing projects,” he said.
Kennedy Wilson’s platform now has over $12 billion in total capital commitments, including $3 billion in available funds. The company maintains an average 2.5% ownership in loans closed since Q3 2023 and generates revenue through management fees as an asset manager.
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By Proptechbuzz
By Ravi Kumar
