Kennedy Wilson has closed a $175 million senior construction loan for the development of Artwalk Towers, a 595-unit multifamily community in Jersey City, New Jersey. This transaction marks a continuation of an active year for the company's debt investment platform.
The new multifamily loan contributes to the $2.4 billion in multifamily and student housing construction originations completed by Kennedy Wilson over the past year. These originations total 8,900 units with institutional sponsors across the country.
Kennedy Wilson holds a 2.5% weighted average ownership in the loans closed since Summer 2024 and earns customary management fees in its role as asset manager. The Artwalk Towers project is expected to be completed in Q4 2027.
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