LOS ANGELES-Bob Hart has exited as president of Kennedy Wilson's Multifamily Management Group. His final day was June 28.

Hart said in a note to friends and colleagues that “I have decided to make a transition to a new business endeavor and begin the next chapter of my career.” He was with Kennedy Wilson for 14 years and directed business matters to Kurt Zech at the firm. Hart did not immediately return a request for comment.

Zech, who takes over as president, tells GlobeSt.com that Hart retired from the firm. “Bob was a huge asset to this company. He built the multifamily platform and we're sorry to see him go, but we're excited for future growth.”

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