Apartment Acquisition

Kennedy Wilson will acquire Toll Brothers’ interests in apartment and student housing assets for $347 million, adding over $5 billion of assets under Kennedy Wilson management. This includes $2.2B AUM through acquired stakes in 18 properties, and $3B AUM through managing 20 properties for Toll Brothers. Kennedy Wilson also gains a pipeline of 29 development sites representing $3.6B in potential capital. The acquisition includes the Toll Brothers Apartment Living management team and establishes a strategic partnership for future deal referrals. The transaction is expected to close in October 2025.