Kennedy Wilson and Partner Acquire 160-Unit Multifamily Community (KW, HAR)
Contact Information
Jhonny
Bestotc
5440 W. Sahara Ave., Suite 205
Las Vegas NV, 89146

702 448 1543

[Harman International Industries reported today that Standard & Poor’s Ratings Services (“S&P”) has raised the Company’s corporate credit rating]

Online PR News – 08-September-2012 –Kennedy-Wilson Holdings, Inc. (NYSE:KW) KW reported today that the company and one of its investment partners acquired Archstone Long Beach Harbor, a 160-unit multifamily community in Long Beach, CA, for $33.5 million. Fannie Mae provided $26.8 million in financing at 3.665%, fixed for ten years. The company invested approximately $800,000 of equity in the transaction. Founded in 1977, KW is an international real estate investment and services company headquartered in Beverly Hills, CA with 23 offices in the U.S., U.K., Ireland and Japan. The company offers a comprehensive array of real estate services including auction, conventional sales, property services, research and investment management. Through its fund management and separate account businesses, KW is a strategic investor of real estate investments in the U.S., U.K., Ireland and Japan. For further information on Kennedy Wilson, please visit www.kennedywilson.com.

Harman International Industries, Incorporated (NYSE:HAR) HAR reported today that Standard & Poor’s Ratings Services (“S&P”) has raised the Company’s corporate credit rating to the investment grade ‘BBB-’ from ‘BB+’, citing improved margins and lower business risk. S&P also raised the issue rating on the company's senior unsecured notes to 'BB+' from 'BB'. HAR (www.harman.com) designs, manufactures and markets a wide range of audio and infotainment solutions for the automotive, consumer and professional markets — supported by 15 leading brands, including AKG, Harman Kardon, Infinity, JBL, Lexicon and Mark Levinson. The company is admired by audiophiles across multiple generations and supports leading professional entertainers and the venues where they perform. More than 25 million automobiles on the road today are equipped with HARMAN audio and infotainment systems. HAR has a workforce of about 13,400 people across the Americas, Europe and Asia, and reported net sales of $4.4 billion for twelve months ending June 30, 2012. The Company's shares are traded on the New York Stock Exchange under the symbol NYSE:HAR.

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