Kennedy-Wilson Holdings, Inc. (NYSE:KW) and its partners acquired 245 S. Los Robles, a 175,792 square foot Class A office project in Pasadena from Wells Fargo Bank, National Association, Investment Arm for $39 million.
January 20, 2014 at 12:00 am
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Kennedy-Wilson Holdings, Inc. (NYSE:KW) and its partners acquired 245 S. Los Robles, a 175,792 square foot Class A office project in Pasadena from Wells Fargo Bank, National Association, Investment Arm for $39 million on January 20, 2014. Under the terms of agreement, Kennedy-Wilson Holdings secured a loan on property for $23 million from J.P Morgan. Total equity invested in the transaction was $16 million, 5% of which was contributed by Kennedy Wilson. Stephen Somer, Adam Edwards, K.C. Scheipe, Jay Borzi, Stephen Silk, and David Benson of Eastdil Secured LLC acted as real estate advisors to Wells Fargo Bank.
Kennedy-Wilson Holdings, Inc. (NYSE:KW) and its partners completed the acquisition of 245 S. Los Robles, a 175,792 square foot Class A office project in Pasadena from Wells Fargo Bank, National Association, Investment Arm on January 20, 2014.
Kennedy-Wilson Holdings, Inc. is a global real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. It also has a debt platform focused on construction lending secured by multifamily and student housing properties throughout the United States. The Company focuses on multifamily and office properties, as well as industrial and debt investments in its Investment Management business in the Western United States, United Kingdom and Ireland. Its operations are defined by two business segments: its Consolidated Portfolio and Co-Investment Portfolio. Investment activities in the Consolidated Portfolio involve ownership of multifamily units, office, and retail space and one hotel. The Co-Investment Portfolio consists of the co-investments in real estate and real estate-related assets, including loans secured by real estate; fees, and performance allocations that it earns on its fee bearing capital.
Kennedy-Wilson Holdings, Inc. (NYSE: KW) and its partners acquired 245 S. Los Robles, a 175,792 square foot Class A office project in Pasadena from Wells Fargo Bank, National Association, Investment Arm for $39 million.
KENNEDY-WILSON HOLDINGS, INC. 
