Kennedy Wilson Holdings Inc. has completed the first phase of a significant real estate transaction, acquiring a substantial portion of Toll Brothers, Inc.'s apartment development platform for approximately $379.6 million. In the initial closing, Kennedy Wilson and its partners invested $202.8 million to purchase Toll's ownership interests in four completed multifamily and student housing properties, as well as a large part of Toll's current and future development pipeline. Upon full completion of the transaction, Kennedy Wilson and its partners expect to acquire interests in 18 properties totaling over 5,000 units, along with a robust pipeline of future development sites across the United States. The remaining closings are anticipated in December 2025 and January 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kennedy Wilson Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001408100-25-000183), on December 08, 2025, and is solely responsible for the information contained therein.
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