Corporate Profile for Kennedy Wilson International, dated Dec. 4, 1998.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Dec. 4, 1998
Company Name: Kennedy-Wilson International
Address: 9601 Wilshire Blvd., Ste. 220
Beverly Hills, CA 90210
Main Telephone
Number: 310/887-6400
Internet Home
Page Address
(URL): www.kennedywilson.com
Chief Executive
Officer: William J. McMorrow
Chief Financial
Officer: Freeman A. Lyle
Investor Relations
Contact: Freeman A. Lyle
Business number: 310/887-6400
Public Relations
Contact: Kathryn Grant
Business number: 310/887-6488
Trading Symbol/
Exchange: KWIC/Nasdaq
Industry: Real Estate
Company description: Kennedy-Wilson Inc. is a premier real estate marketing, property management and investment firm. Two recent transactions have transformed KWIC KWIC - keyword in context into a larger, more powerful service provider with greater earning potential. The July July: see month. 1998 acquisition of Heitman Properties Ltd. instantly turned the company into a major U.S. property management firm with higher revenues and profits, and a recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. stream of fee-based cash flow. Secondly, the alliance with Colony Capital  This article may contain improper references to .Please help [ improve this article] by removing . , a $6 billion global real estate-related investment firm, has provided new capital as well as a joint venture in the form of an opportunistic opportunistic /op·por·tu·nis·tic/ (op?er-tldbomacn-is´tik) 1. denoting a microorganism which does not ordinarily cause disease but becomes pathogenic under certain circumstances. 2. fund for investments in Japan. These new capabilities provide a base for accelerating growth and enhancing shareholder value as exemplified by the 257 percent increase in 1998 third quarter revenues and net income climbing 198 percent. The company's operations focus on four interrelated in·ter·re·late tr. & intr.v. in·ter·re·lat·ed, in·ter·re·lat·ing, in·ter·re·lates To place in or come into mutual relationship. in areas -- (1) brokerage of high-end commercial and residential real estate properties; (2) property management; (3) the management of funds for opportunistic investments in undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. real estate and deep discounted notes receivable; and (4) investments in distressed real estate and notes. The company's integrated "one-stop" services are a competitive advantage and allow each division to cross-sell its services. KWIC's reputation has been built on innovative marketing programs that have generated more than $7 billion in diversified diversified (di·verˑ·s commercial and residential property sales. As the largest U.S.-based licensed commercial broker in Japan, KWIC is well positioned to participate in the market for more than $1 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. of distressed real estate loans as well as real estate divestitures now occurring. With a staff of almost 100 Japanese real estate professionals, KWIC has assisted more than 150 Japanese corporations with its real estate brokerage activities. The initial Japan Fund is expected to invest more than $300 million in assets well below their face value. |
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