Kennedy-Wilson Holdings, Inc. is a real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, United Kingdom, and Ireland. It operates through two segments: Consolidated investment portfolio (the Consolidated Portfolio) and Co-Investment Portfolio. Its Consolidated Portfolio segment consists of the investments that it has made in real estate and real estate-related assets. It wholly-owns the assets in its Consolidated Portfolio. Its Co-Investment Portfolio segment consists of the co-investments that it has made in real estate and real estate-related assets through the commingled funds and joint ventures that it manages; and the fees (including, without limitation, asset management fees, construction management fees and performance fees) that it earns on its fee bearing capital.