Kennedy-Wilson Holdings (KW) said Monday it has teamed up with Tokyu Land US to launch a new preferred equity and mezzanine real estate investment platform.
The companies plan to target more than $200 million in investments, focusing on preferred equity investments and mezzanine loans to high-quality sponsors in multifamily and industrial projects, Kennedy-Wilson said.
The company added that the platform's target investment size will be between $10 million and $50 million in general. Kennedy-Wilson said it will hold 10% of the venture and manage the investments and earn customary fees.