Security Benefit Fuels Commercial Real Estate Joint Venture
September 18, 2019 by Allison Bell
Security Benefit Life Insurance Company is working with Kennedy Wilson Holdings Inc., a real estate investment company, to invest in income-producing real estate in the western United States, Kennedy Wilson said today.
A new Security Benefit-Kennedy Wilson joint venture has started by acquiring Sunset North, an office park in Bellevue, Washington, for $227 million. The office park has about 464,000 square feet in space.
Kennedy Wilson is a Beverly Hills, California-based company with properties in the United Kingdom and Ireland as well as in the western United States.
Security Benefit is a Topeka, Kansas-based life insurer with about $40 billion in assets under management. Eldridge Industries LLC acquired the company from Guggenheim Partners in 2015.
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