Kennedy Wilson, Tokyu Land Corporation Create $200M CRE Investment Vehicle – Commercial Observer
Kennedy Wilson and the U.S. subsidiary of Japanese real estate firm Tokyu Land Corporation have formed a $200 million joint venture partnership to provide preferred equity investment and mezzanine loans for national commercial real estate deals. The $200 million will exclusively target multifamily and industrial projects across the U.S., with equity and credit investments ranging between $10 million and $50 million, according to the companies. The new investment platform aims to deploy capital into markets with “strong and growing local economies” and assets that hold “attractive local amenities, and proximity...