Kennedy Wilson & Toll Brothers
- Improves Toll’s return on equity and streamlines focus on luxury single-family homebuilding
- The transaction adds over $5bn of assets under Kennedy Wilson management
– $2.2bn of AUM in 18 apartment and student housing properties that Kennedy Wilson will acquire as part of the transaction
– $3.0bn of AUM in 20 apartment and student housing properties that Kennedy Wilson will manage on behalf of Toll Brothers - Kennedy Wilson acquired a pipeline of 29 development sites worth ~$3.6bn if completed, expanding its in-house development capabilities to facilitate further growth
- Vestra served as a Financial Advisor to Toll Brothers