Yahoo Financeยท2025-09-18 15:50Group 1 - Kennedy Wilson is acquiring Toll Brothers Apartment Living platform for $347 million, which includes a portfolio of completed properties and assets under development valued at $2.2 billion [7] - The transaction is expected to close in October and will enhance Kennedy Wilson's national platform in the rental housing space, totaling over 80,000 units [4][7] - The acquisition will allow Kennedy Wilson to manage 20 apartment and student housing properties from Toll Brothers, totaling over $3 billion in assets under management [7] Group 2 - Kennedy Wilson plans to invest approximately $90 million in the acquired interests, indicating a strong commitment to the rental housing sector [3] - The deal will create a mutually beneficial pipeline of shared deal flow, as Kennedy Wilson will refer for-sale housing opportunities to Toll Brothers, while receiving rental housing opportunities in return [5] - Toll Brothers aims to focus on its core homebuilding business and transition to a more asset-light model following the sale [6]