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-----------------------------------------------------Company NewsKENNEDY WILSON CONTINUES EFFORTS TO ACQUIRE DISTRESSED CONDOSStephen Jordan joins Kennedy Wilson Residential InvestmentsBEVERLY HILLS, Calif. (April 19, 2010) – Stuart Cramer, president of KW Residential Investments, a division of Kennedy Wilson (NYSE: KW), a Beverly Hills-based international real estate investment and services company, today announced that Stephen Jordan has joined the firm as managing director of acquisitions. Jordan will focus on acquiring distressed condominium projects in the western region of the U.S. Cramer stated, “We’re thrilled to have someone with the depth of residential experience in acquisitions, marketing, construction, development and execution that Stephen has.” Jordan’s experience includes acquisitions for John Laing Homes, formerly the country’s second largest private homebuilder, and for Pulte Homes/Del Webb, the largest public homebuilder in the U.S. “I’m very excited about joining Kennedy Wilson,” Jordan commented. “It’s an established company with a strong reputation and is well positioned for growth. The company’s resources and relationships have allowed it to quickly and aggressively execute deals in today’s distressed market.” Jordan is a graduate of the U.S. Naval Academy with a B.S. in astronautical engineering and an M.B.A. in real estate and finance from the University of California at Irvine. He is a member of the Urban Land Institute. |