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Kennedy Wilson boosts multifamily portfolio through purchase of Toll Brothers apartment arm

Development firms plan to collaborate on for-sale housing opportunities and apartment leads
Kennedy Wilson has acquired a portfolio of properties including the 262-unit Cameo complex developed by Toll Brothers Apartment Living in Orange, California. (CoStar)
Kennedy Wilson has acquired a portfolio of properties including the 262-unit Cameo complex developed by Toll Brothers Apartment Living in Orange, California. (CoStar)

Kennedy Wilson has agreed to acquire Toll Brothers’ Apartment Living platform in a $347 million deal that brings more than $5 billion of assets under management to the Beverly Hills, California-based investment firm.

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