Kennedy Wilson has partnered with Tokyu Land US Corporation, a wholly owned subsidiary of Tokyu Land Corporation, to launch a new preferred equity and mezzanine real estate investment platform. The expanded credit solution focus will further scale Beverly Hills-based Kennedy Wilson’s credit platform.
The partners will target more than $200 million in investments, focusing on preferred equity investments and mezzanine loans to high-quality sponsors across multifamily and industrial projects nationwide. The platform will target markets with strong and growing local economies, attractive local amenities and proximity to employment prospects. Kennedy Wilson will hold 10% of the venture and manage the investments.
“The preferred equity and mezzanine investments platform will benefit from the complementary strengths of the Kennedy Wilson and Tokyu teams as well as the track record, relationships and unique market knowledge our companies bring to the table,” said Kennedy Wilson president Matt Windisch.
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