• Kennedy Wilson to acquire Toll Brothers’ interests in a portfolio of stabilized and in-development apartment and student housing properties for $347 million • Transaction will bring over $5 billion of assets under Kennedy Wilson management, including $2.2 billion of AUM in 18 apartment and student housing properties that Kennedy Wilson will acquire as part of the transaction, and $3.0 billion of AUM in 20 apartment and student housing properties that Kennedy Wilson will manage on behalf of Toll Brothers • Kennedy Wilson to acquire a pipeline of 29 development sites which, if completed, would total approximately $3.6 billion in capitalization

BEVERLY HILLS, Calif. & FORT WASHINGTON, Pa.–Global real estate investment company Kennedy Wilson (NYSE: KW) and Toll Brothers, Inc. (NYSE: TOL

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