William McMorrow

Chairman, CEO, Kennedy Wilson

McMorrow acquired the company in 1988 after holding senior and executive roles within the banking industry. The real estate investment company owns hotels, offices, industrial properties and apartments.

The company purchased Toll Brothers’ multifamily interests for $347 million in Sept. 2025, adding more than $5 billion to its assets under management. That includes 18 apartment and student housing properties and a pipeline of 29 developments (plus another 20 properties that’ll stay under Toll Brothers until it exits the multifamily business via a sell-off). The properties are throughout Atlanta, Boston, Dallas, Los Angeles, New York, Philadelphia, Phoenix and Washington, D.C.

The acquisition comes as the company faces default on a $60 million loan for an office campus in Marin County, after it was transferred to special servicing. Kennedy Wilson put the property on the market but hadn’t found a buyer as of Aug. 2025. It purchased the 20-acre campus in 2019 for $115 million. 

— Alena Botros