Kennedy Wilson to Acquire Toll Brothers Apartment Living Platform for $347 Million

Kennedy-Wilson Holdings to Be Acquired by Management-Led Consortium and Fairfax Financial in $1.65B All-Cash Deal

February 17, 2026

Real Estate

Kennedy-Wilson Holdings, Inc. entered into a definitive agreement to be acquired in an all-cash transaction for $10.90 per share by a consortium led by William McMorrow and certain senior executives (the “KW Management Group”), together with Fairfax Financial. Fairfax committed to provide up to US$1.65 billion to fund the cash purchase price and related payments, with the management group retaining operational control and Fairfax expected to hold a majority of the economic interest post-closing.

Toll Brothers Acquires StoryBook Homes

August 11, 2021

Construction

Toll Brothers, the publicly traded luxury homebuilder, has acquired StoryBook Homes, a privately‑held Las Vegas homebuilder founded in 2003. The acquisition expands Toll Brothers' Las Vegas presence, adding five active communities, over 550 lots and historic local homebuilding expertise while retaining StoryBook's leadership and employees.

Asset Living Acquires Alpha Barnes Real Estate Services

January 26, 2021

Real Estate

Houston-based Asset Living has acquired Dallas-based Alpha Barnes Real Estate Services, a leading manager of affordable and multifamily housing in Texas. The deal adds roughly 30,000 units and more than 900 employees to Asset Living's portfolio, expanding its footprint and affordable-housing management capabilities across Texas.

Alfred Acquires RKW Residential

March 8, 2022

Real Estate

Alfred, the U.S. residential technology and property-management platform, has acquired RKW Residential and raised a $125 million strategic financing round led by Rialto Capital. The acquisition accelerates Alfred's expansion in the Southeastern U.S. and enables broader deployment of its AlfredOS platform across RKW’s ~30,000 managed single-family and multifamily units.

Blackstone Real Estate Income Trust Acquires Preferred Apartment Communities

March 21, 2022

Real Estate

Preferred Apartment Communities, Inc. (PAC) announced that proxy advisory firms Glass Lewis and ISS have recommended stockholders vote “FOR” the previously announced all-cash acquisition by Blackstone Real Estate Income Trust, Inc. (BREIT). Under the definitive merger agreement, BREIT will acquire PAC for $25.00 per share, and the deal is expected to close in the second quarter of 2022 subject to customary conditions and stockholder approval.

Valet Living Acquires Contemporary Contractors, Inc. and A Rite Way to Expand Valet Living Turns

August 17, 2022

Real Estate

Valet Living, a Tampa-based portfolio company of GI Partners, acquired Irving, Texas-based Contemporary Contractors, Inc. and Boca Raton, Florida-based A Rite Way to expand its Valet Living Turns national multifamily make-ready and renovation platform. The acquisitions will operate as additional lines of business under Valet Living Turns to broaden geographic coverage and service capabilities (plumbing, HVAC, renovations and capital projects) for multifamily clients.