Kennedy Wilson Partners with Tokyu Land for $200M CRE Venture
Deal News | Apr 22, 2025 | Kennedy-Wilson Holdings Inc
Kennedy Wilson Holdings Inc., in collaboration with Tokyu Land Corporation's U.S. subsidiary, has announced the formation of a significant joint venture valued at $200 million. This partnership focuses on providing preferred equity investments and mezzanine loans for U.S. commercial real estate, targeting multifamily and industrial projects. Investment sizes range from $10 million to $50 million, seeking opportunities in markets exhibiting strong local economic growth and appealing amenities. This venture aims to leverage the strengths and market knowledge of both companies. Matt Windisch, President of Kennedy Wilson, highlights this as a strategic move to expand their investment business, while Ben Cherney, EVP of Tokyu Land U.S., views it as a step to significantly increase their U.S. market presence. Thomas Whitesell will manage the joint venture, emphasizing Kennedy Wilson's established credit platform expertise.
Sectors
- Commercial Real Estate
- Financial Services
Geography
- United States – The target market for the joint venture's investments is the U.S., focusing on areas with strong local economies.
- Japan – Tokyu Land Corporation, a significant participant in the joint venture, is a Japanese firm with established roots which are relevant to the strategic partnership.
Industry
- Commercial Real Estate – The article focuses on a joint venture created to invest in commercial real estate across the U.S., particularly in multifamily and industrial properties.
- Financial Services – The joint venture involves providing preferred equity and mezzanine financing, which falls under the umbrella of financial services.
Financials
- $200 million – The total value of the joint venture between Kennedy Wilson and Tokyu Land Corporation.
- Investment range of $10 million to $50 million – The range for individual equity and credit investments in the venture.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kennedy-Wilson Holdings Inc. | PE Firm | Company | A global real estate investment company managing the joint venture. |
| Tokyu Land Corporation U.S. subsidiary | Investor | Company | The U.S. arm of Tokyo-based Tokyu Land Corporation, co-investor in the joint venture. |
| Matt Windisch | President | Person | President of Kennedy Wilson, responsible for strategic growth initiatives. |
| Thomas Whitesell | Head of Debt Investment Group | Person | Overseeing the joint venture, focusing on Kennedy Wilson's debt investment strategies. |
| Ben Cherney | Executive Vice President of Investments | Person | Responsible for scaling Tokyu Land's presence in the U.S. through the joint venture. |