---
schema_version: "secwatch.filing_event.v1"
accession: "0001408100-25-000161"
form_type: "8-K"
ticker: "KW"
cik: "0001408100"
company_name: "Kennedy-Wilson Holdings, Inc."
filed_at: "2025-09-18T23:59:59+00:00"
generated_at: "2026-05-17T06:13:52.149348+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Kennedy-Wilson to acquire Toll Brothers Apartment Living platform for $347M

## Summary
- Acquisition price $347M; KW expects to invest ~$90M in acquired interests.
- Transaction adds ~$2.2B AUM from 18 properties and $3.0B AUM from 20 managed properties.
- KW acquires 29 development sites with ~$3.6B total capitalization if completed.
- Closing expected October 2025; KW to extend offers to all Toll Apartment Living employees.
- Strategic alliance: KW refers for-sale housing to Toll; Toll refers rental housing to KW.

## SEC filing metadata
- accession: 0001408100-25-000161
- form_type: 8-K
- ticker: KW
- cik: 0001408100
- company_name: Kennedy-Wilson Holdings, Inc.
- filed_at: 2025-09-18T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1408100/000140810025000161/0001408100-25-000161-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408100/000140810025000161/kw-20250918.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001408100-25-000161
- JSON: https://secwatch.observer/filing/0001408100-25-000161.json
- Plain text: https://secwatch.observer/filing/0001408100-25-000161.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.