Wednesday, November 26, 2008
Guardian Life Insurance Invests a Total of $154 Million in Kennedy Wilson
Guardian has agreed to invest up to $100 million of equity in Kennedy Wilson's KW Property Fund III, a $1.25 billion real estate fund focusing on financially distressed and under-managed real estate assets. This new commitment is the third and largest investment Guardian has recently made in Kennedy Wilson. Previously, the company invested $24 million in the acquisition of Saybrook Pointe, a 324-unit apartment community in San Jose, CA. Guardian also purchased $30 million of convertible subordinated debt in Kennedy Wilson which, when fully converted, will give it a 10% ownership stake in the company.
Guardian Life Insurance Invests a Total of $154 Million in Kennedy Wilson
Source: MarketWatch
Guardian Life Insurance Invests a Total of $154 Million in Kennedy Wilson
Source: MarketWatch
Permalink posted by armandn @ 7:19 AM 
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