Kennedy Wilson Buys $83M Loans, Signs Leases

BEVERLY HILLS, CA-Locally based Kennedy Wilson continues its activity on a number of fronts in the commercial real estate world, having recently acquired a portfolio of loans with an unpaid balance of $82.5 million and having completed more than $11 million of retail leases.

The loan portfolio, which Kennedy Wilson acquired in partnership with other investors, consists of 19 loans secured by real estate located primarily in Southern California. The transaction brings the company’s total note acquisitions over the past 12 months to $653 million of unpaid principal balance. The aggregate purchase price on these notes totals $402 million, or 62% of the unpaid principal balance.