Kennedy Wilson

profile

Kennedy Wilson is an international real estate investment and services firm with a success proven legacy. Our team is forward-thinking, entrepreneurial and relationship-oriented, and our results reflect the quality and strength of our people. Our vision is to maximize opportunities and continually create value for our clients, partners and shareholders. Kennedy Wilson (NYSE:KW) is a real estate operating company that provides a diversified array of real estate investments and services in the U.S., Europe and Japan. The company was founded in 1977 as a real estate auction business and has since grown into a vertically integrated international real estate firm headquartered in Beverly Hills, CA with 25 offices throughout the U.S., Europe and Japan. Kennedy Wilson's operations are defined by two core business practices: KW Investments and KW Services. KW Investments includes multifamily, office and residential property acquisitions (including condominium conversions) as well as note purchases. KW Services includes property services for third-party and company-owned assets, auction and conventional sales, research and investment management.

Real Estate Specialization
Multifamily
Office
Industrial
Retail
Residential Income
Hotels
Student Housing
Investment Type
Pref/Mezz equity
Acquisition/Fee Simple
Debt
Performing/Non-performing loans
Multi-property portfolios
Investment Style
Value-add
Typical Deal Size
> $50,000,000
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Executive Vice Chairman

Donald Herrema

Donald J. Herrema is executive vice chairman and president of Kennedy Wilson's Capital Markets Group. Mr. Herrema is responsible for Kennedy Wilson’s capital markets and fundraising activities. Prior to joining Kennedy Wilson, he founded BlackSterling Partners, LLC, served as CEO of Bessemer Trust, Loring Ward, Atlantic Trust (subsidiary of Invesco), and was Head of Private Wealth Management at Morgan Stanley. He began his career at Wells Fargo Bank, where he ultimately served as both President of Wells Fargo Securities and Head of the Mutual Funds Division. Mr. Herrema received a B.A. from Whittier College and an M.A. in Economics from the University of Southern California. Mr. Herrema is a Director of TD Bank Asset Management USA Funds and Lepercq, de Neuflize and Co and also serves as a Senior Advisor to Stone Point Capital. Additional activities include being a member of the Board of Leaders of the University of Southern California's Marshall School of Business and a trustee of Whittier College.

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President - Property

Jim Rosten

Jim Rosten is president of the company's Properties Group, which has approximately 68 million square feet of commercial, office, industrial and retail property under contract for management, leasing and development. Additionally, the firm manages and controls 20,000+ multifamily apartment units. Mr. Rosten oversees the company’s service businesses and investment teams across 19 offices. Prior to joining Kennedy Wilson in 1999, Mr. Rosten served as president of the Western Region of Grubb & Ellis Management Services, Inc. He was responsible for establishing and overseeing property management, leasing and construction management services for a 32 million square foot portfolio of office, industrial, residential and retail properties. Previously, Mr. Rosten was executive vice president and Western Division Manager for CB Richard Ellis, and was a member of its Operations Management Board. At CB Richard Ellis, he managed and leased a 56 million square foot portfolio. Mr. Rosten received master’s degrees in Management and Business Administration from the University of Redlands (California) and his B.A. in Business Administration from Central Michigan University. He holds the Certified Property Manager (CPM) and Certified Commercial Investment Member (CCIM) designations. He is a member of the Pension Real Estate Association (PREA), the Institute of Real Estate Management (IREM), and the International Council of Shopping Centers (ICSC), and he is a director of the Building Owners and Managers Association (BOMA). Mr. Rosten is a former member of the Board of Directors of the L.A. Area Council of the Boy Scouts of America and is currently a Director for U.S. Bank's Los Angeles Advisory Board.

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Chief Financial Officer

Justin Enbody

Justin Enbody is chief financial officer of Kennedy Wilson. He is responsible for all aspects of finance and administration for the company, including strategic planning, financial reporting and risk management. He also serves on the Investment Committee, which evaluates and approves all of the company’s investments. Justin joined the Company in September 2009 and was the Company’s Controller before becoming Chief Financial Officer in April 2012. Prior to joining Kennedy Wilson, Justin was a senior consultant with RAFS Inc., an independent financial consulting company that he joined in 2004 subsequent to working as a senior associate with KPMG LLP. Justin received his B.A. from the University of California at Santa Barbara.

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President of Residential Investment Group

Stuart Cramer

Stuart Cramer is president of the company's Residential Investment Group, which acts as the for-sale housing and hospitality investment division of Kennedy Wilson. He is responsible for Kennedy Wilson’s residential and hospitality acquisition, development, entitlement and asset management and opportunities in the Western United States. Currently, Cramer oversees the operation of The Ritz-Carlton Hotel, Lake Tahoe as well as marketing and sales of The Ritz-Carlton Residences, Lake Tahoe. He is also involved in Kennedy Wilson’s equity participation program with residential builders in Southern and Northern California for the development of primary housing communities, various land entitlement activities in Orange County, CA, and marketing and sales of high-rise condominium in downtown Dallas. Additionally, Kennedy Wilson's Residential Investment Group holds approximately 700 rented condominiums in Northern California for future sale and approximately 200 single family lots in Southern California for future development. Prior to joining Kennedy Wilson in 1998, Cramer was a senior vice president of Lowe Enterprises, where he was responsible for residential development, investment and asset management activities. During his 15-year tenure at Lowe, Cramer managed the acquisition, rehabilitation and disposition of single family, multifamily and entitlement projects in Southern California and throughout the U.S. Cramer attended Duke University and has a Bachelor of Science degree from the University of Southern California.

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President of Commercial Investment Group

John Prabhu

John Prabhu is president of KW Commercial Investment Group, the commercial investment division of Kennedy Wilson. He also serves as the portfolio manager of Kennedy Wilson’s fund management division and is responsible for the acquisitions, asset management and dispositions of all commercial and fund investment assets in the United States. Mr. Prabhu is a member of Kennedy Wilson’s Investment Committee, which reviews and approves all acquisitions for the company. Currently, Mr. Prabhu oversees a portfolio of $2.2 billion in assets across 55 properties for the company. For the commercial investment division, he is responsible for 4.45 million square feet of office and retail space under management and is involved in all property level aspects, from financial planning to operations, leasing and capital improvements. For the fund management division, Mr. Prabhu oversees six real estate investment funds with current commitments of $530 million and 36 investors, including pension funds, foundations, endowments, insurance companies and institutional investors. Before joining Kennedy Wilson, Mr. Prabhu worked for Heitman Properties, Ltd. During this period, Mr. Prabhu was involved in the acquisition, management, leasing, construction management and engineering of approximately three million square feet of office, industrial and retail properties in southern California and Arizona. Mr. Prabhu earned a Bachelor of Arts in Quantitative Economics and Decision Sciences from the University of California at San Diego.

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Chairman & Chief Executive Officer

William McMorrow

William McMorrow is chairman and CEO of Kennedy Wilson, which he purchased in 1988. Beginning with just one office and eleven employees, today Kennedy Wilson has 25 offices in the U.S., U.K., Ireland, Spain, Jersey and Japan with 400 corporate employees and 2000 operating employees as well as assets under management of approximately $17 billion, including over 68 million sq. ft. of office, retail and industrial properties and 18,000+ multifamily units. In November of 2009, the company went public and is listed on the New York Stock Exchange. Kennedy Wilson Japan went public in 2002 and is currently listed on the Tokyo Stock Exchange. Kennedy Wilson Europe was established in 2011 and now has offices in Dublin and London, employing a team of more than 50 professionals. In December 2013, the company acquired an interest in a Spanish property management and loan servicing business with 260 employees and €20 billion of assets under management. One of the earliest investors in Ireland, Kennedy Wilson has quickly become one of the top commercial property owners in the country. In 2011, the company served as the catalyst and lead investor in the recapitalization of the Bank of Ireland. Kennedy Wilson today has approximately $5 billion of assets in Ireland and the U.K. In early 2014, Kennedy Wilson Europe Real Estate plc was established and listed on the London Stock Exchange. The $1.7 billion IPO represents the largest real estate vehicle listing since the economic downturn and the second largest real estate IPO in the history of the London Stock Exchange. Numerous publications have profiled Kennedy Wilson and Mr. McMorrow, including the New York Times, Irish Times, Estates Gazette, Los Angeles Business Journal and PERE. In 2012, Real Estate Forum magazine selected Mr. McMorrow as one of Southern California's Real Estate Icons. Mr. McMorrow attended Loyola High School and received his Bachelor of Science degree in Business and MBA from the University of Southern California. He serves on the Executive Board of the USC Lusk Center for Real Estate and is involved in numerous Southern California charities, including Chrysalis, which honored him with the Spirit of Chrysalis Award in 2005, the Rape Treatment Center, USC, Windward High School, the Village School and Loyola High School, which honored him with the Cahalan Award for Distinguished Alumni in 2010. Additionally, Mr. McMorrow is a member of the Loyola High School Board of Regents and Windward School Board. Recently, he endowed the William J. McMorrow Global Real Estate Program at the USC Marshall School of Business.

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Executive Vice Chairman & Chief Executive Officer

Mary Ricks

Mary Ricks is president and CEO of Kennedy Wilson Europe. She joined Kennedy Wilson in 1990 and before assuming her current role in 2011, headed Kennedy Wilson’s commercial investment group since 2002. Kennedy Wilson Europe was established in 2011 and since its inception, Ms. Ricks has led Kennedy Wilson Europe in acquiring, with its equity partners, real estate related assets in Europe with a value of approximately £2.5 billion as of December 31, 2013. In 2013, Ms. Ricks was nominated by PERE as Industry Figure of the Year, Europe. She was also previously named by the L.A. Business Journal as one of the top women in commercial real estate and was featured on the covers of Forum Magazine and Real Estate California, recognizing women at the top of the field. Ms. Ricks received a B.A. in Sociology from UCLA, where she was an All-American athlete and is a founding board member of the Richard S. Ziman Center for Real Estate at UCLA.

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Executive Vice President

Matt Windisch

Matt Windisch, an executive vice president of Kennedy Wilson, is co-chairman of Kennedy Wilson’s Investment Committee and oversees the company’s U.S. note business, the company’s research subsidiary and the company’s real estate activities in Japan. In addition, Mr. Windisch spearheads Kennedy Wilson’s corporate and transaction capital raising, strategic planning and acquisitions analysis. He is also responsible for maintaining the company’s key investor and banking relationships. Mr. Windisch serves on the boards of the company’s subsidiaries in Ireland and Japan. Prior to joining Kennedy Wilson, he was an associate at JP Morgan Chase, where he held positions in investment banking, strategy and risk management. Mr. Windisch received a B.B.A. in Finance and Accounting from Emory University and an M.B.A. from UCLA’s Anderson School of Management.

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President of Multifamily Group

Kurt Zech

Kurt Zech is president of Kennedy Wilson's Multifamily Group, the multifamily investment division of Kennedy Wilson. Mr. Zech is responsible for the oversight of acquisitions, asset management and dispositions of all multifamily assets in the United States. He currently oversees a portfolio of approximately 14,000 apartment units in the United States and has closed $2 billion of multifamily transactions. Previously, Mr. Zech worked for LA-based private equity firm William E. Simon & Sons, where he was responsible for the financial and operational analyses of the Firm’s primary portfolio holdings and for the research and analysis of new investment opportunities. He also worked for PricewaterhouseCooper’s Management Consulting Group, where he provided a wide variety of clients with innovative finance, technology and strategy solutions. Mr. Zech earned his MBA with an emphasis in Real Estate Finance and BA in Business Economics from UCLA.

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Senior Sales Associate

Robert Roberto

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Residential Sales

Casey Napolitano

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Real Estate Broker

Rhett Winchell

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Corporate Communication

Christina Cha

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Jordan Rubinstein

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Organizer

Eric Rehn

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Claire Collins

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Kevin Cannon

Takenaka Corporation

Key Focus Areas
Acquisitions Asset Management Private Equity Real Estate Property Management Real Estate Investing Real Estate Research Individual Investors Institutional Investors
Geographical Area
Mapped Location