Kennedy Wilson Awarded 1.2 Million Square Feet of New Management Assignments

These Assignments Demonstrate Kennedy Wilson’s Deep Relationships with Financial Institutions and Advisors

BEVERLY HILLS, CA – April 01, 2009 – (RealEstateRama) — Kennedy Wilson Properties, LTD. (KWP), a division of the international real estate services and investment company Kennedy Wilson, has been retained for 1.2 million square feet of new management assignments, of which 850,000 square feet are located on the West Coast, according to Jim Rosten, president of KWP.

These new property management, asset management and LEED Silver tenant improvement projects come from a variety of financial institutions, advisors and corporations including: Bank of America, Pacific Western Bank, Odyssey Real Estate Capital, Washington Capital Management and Basic American Foods. The new mandates include office buildings, industrial warehouses and retail centers in California, Nevada and Florida.

Rosten noted that these most recent assignments clearly indicate the company’s strong positions in these markets. “All of these properties are well located within their markets and have major upside potential with the aggressive style of property and asset management for which Kennedy Wilson is known,” he said. “We feel privileged to have been chosen for these assignments,” continued Rosten. “Our professional capabilities in the facilities, property management and asset management arenas blend perfectly with our clients’ desire to have an integrated set of services with a single source of contact and accountability. Our clients continue to choose us because we keep with our strategy, think like owners and operate as investors,” concluded Rosten.

Founded in 1977, Kennedy Wilson is a real estate services and investment firm headquartered in Beverly Hills, CA, with 20 offices throughout the U.S. and Japan. It seeks opportunities in partnership with clients in pursuit of above-market investor returns and higher real estate values. Kennedy Wilson Properties is the property management and services division of Kennedy Wilson with 40 million square feet of commercial and residential space under management. Visit www.kennedywilson.com for further information.