---
schema_version: "secwatch.filing_event.v1"
accession: "0001408100-25-000183"
form_type: "8-K"
ticker: "KW"
cik: "0001408100"
company_name: "Kennedy-Wilson Holdings, Inc."
filed_at: "2025-12-08T23:59:59+00:00"
generated_at: "2026-05-16T13:56:27.175128+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kennedy-Wilson completes first closing of Toll Brothers apartment platform acquisition for $202.8M

## Summary
- Total deal value ~$379.6M; first closing invested $202.8M (KW share $102.5M).
- Acquired 4 completed multifamily/student housing properties and majority of development pipeline.
- Expects total KW investment of ~$126.3M; remaining closings Dec 2025–Jan 2026.
- Upon full close, will own ~8% of 18-property portfolio (5,056 units completed, 1,008 under construction).
- Toll employees, including executive leadership, joined KW; KW will manage certain Toll assets for fees.

## SEC filing metadata
- accession: 0001408100-25-000183
- form_type: 8-K
- ticker: KW
- cik: 0001408100
- company_name: Kennedy-Wilson Holdings, Inc.
- filed_at: 2025-12-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1408100/000140810025000183/0001408100-25-000183-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1408100/000140810025000183/kw-20251205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001408100-25-000183
- JSON: https://secwatch.observer/filing/0001408100-25-000183.json
- Plain text: https://secwatch.observer/filing/0001408100-25-000183.txt

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