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Jaime Lee joins Kennedy Wilson as senior managing director
Kennedy Wilson, which manages about $37 billion across equity, credit and development strategies, said the hire will support capital formation and new investments.
Commercial Observer reports that Jaime Lee, who recently stepped down as head of her family’s real estate firm Jamison, has joined Kennedy Wilson as senior managing director of capital markets and investments.
Kennedy Wilson said it hired Lee to help lead capital formation, strengthen relationships with institutional investors and strategic partners, and pursue investments across the company’s global platform. The firm manages approximately $37 billion in assets under management across equity, credit and development strategies in the United States and Europe.
The move follows more than two decades at Jamison, where Lee most recently served as CEO and helped grow the company’s portfolio to roughly 18 million square feet across office, multifamily, retail and medical properties. She also helped establish Jamison as a prolific office-to-residential developer in Los Angeles.
The transition also comes less than two months after Kennedy Wilson partnered with Jamison on a joint venture targeting 4,000 affordable units in the city, beginning with the conversion of Downtown Los Angeles’ former World Trade Center into 512 apartments. In a statement, Lee said multifamily offers attractive long-term fundamentals amid constrained supply and durable housing demand.