KW generates ~$250M cash in Q2 asset recycling, beating $200M target

Kennedy-Wilson Holdings, Inc.

Completed asset sales/recapitalizations generated ~$250M cash, exceeding the quarterly $200M target.
Gains of ~$45-50M from transactions; reduced corporate credit line by ~$170M.
Acquired four multifamily properties for ~$387M; KW invested ~$17M for a 12% weighted ownership.
UK SFR JV bought two development sites for ~$102M, planning 192 units; KW owns 10%.
Originated 13 construction loans totaling $1.2B; KW's share is 2.5% as asset manager.

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