Kennedy Wilson provided a senior construction loan for Inspire Sonoran Desert, a 560-unit, Class A multifamily community in the North Valley submarket of Phoenix, Arizona. The project is strategically located near TSMC’s new semiconductor plant, which is expected to generate significant job growth.
This loan is part of an active year for Kennedy Wilson’s debt investment platform, which has originated $3 billion in multifamily and student housing construction loans since the acquisition of a $4.1 billion construction loan portfolio in Q3 2024.
The Inspire Sonoran Desert community will feature a range of amenities and is designed to meet the housing demand driven by the area's rapid economic expansion. Kennedy Wilson's participation in such projects aligns with its strategy to support transformative multifamily developments.
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