Kennedy Wilson to acquire the apartment living platform of Toll Brothers for $347m.

Kennedy Wilson, a real estate investment firm, agreed to acquire the apartment living platform of Toll Brothers, an American homebuilding company, for $347m. "We are thrilled to welcome the best-in-class team at Toll Brothers Apartment Living to Kennedy Wilson and to further accelerate the growth of our investment management business and multifamily development capabilities at a time when the country is in true need of new, high-quality housing," William McMorrow, Kennedy Wilson Chairman and CEO.