{"id":1009939,"date":"2026-10-14T06:03:30","date_gmt":"2026-10-14T10:03:30","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/kennedy-wilson-partners-with-hulic-and-fuyo-general-lease-usa-inc-on-312-unit-multifamily-community-in-san-jose\/"},"modified":"2026-10-14T06:03:30","modified_gmt":"2026-10-14T10:03:30","slug":"kennedy-wilson-partners-with-hulic-and-fuyo-general-lease-usa-inc-on-312-unit-multifamily-community-in-san-jose","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kennedy-wilson-partners-with-hulic-and-fuyo-general-lease-usa-inc-on-312-unit-multifamily-community-in-san-jose\/","title":{"rendered":"Kennedy Wilson Partners With Hulic and Fuyo General Lease (USA) Inc. on 312-Unit Multifamily Community in San Jose"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position:inside }\n.bwalignl { text-align: left }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Kennedy Wilson Partners With Hulic and Fuyo General Lease (USA) Inc. on 312-Unit Multifamily Community in San Jose<\/b><\/p>\n<p class=\"bwalignc\"><i>The $176 million acquisition marks Kennedy Wilson\u2019s fifth joint venture with Hulic and first partnership with Fuyo<\/i><\/p>\n<p>BEVERLY HILLS, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;Kennedy Wilson, a global real estate investment company, has closed on a three-party joint venture with Hulic Co., Ltd. and Fuyo General Lease (USA) Inc. to acquire One South Market, a 312-unit multifamily community in downtown San Jose, California for $176 million. The transaction marks Kennedy Wilson\u2019s fifth joint venture with Hulic and its first partnership with Fuyo General Lease (USA) Inc.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20261014276629\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20261014276629\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20261014276629\/en\/2932734\/4\/One_South_Market.jpg\" alt=\"One South Market\" \/><\/p>\n<p style=\"font-size:85%\">One South Market<\/p>\n<\/div>\n<p>Built in 2015, One South Market is located adjacent to San Pedro Square in the heart of downtown San Jose. The high-rise community features 312 residential units averaging approximately 907 square feet, as well as 6,534 square feet of fully leased ground-floor retail. The property provides residents with walkable access to downtown San Jose\u2019s dining, entertainment and employment centers, including Adobe, Zoom and the Big Four accounting firms, as well as convenient access to Diridon Station, regional freeways and San Jose Mineta International Airport.<\/p>\n<p>\u201cOur acquisition of One South Market is an exciting milestone for Kennedy Wilson as we build on our longstanding partnership with Hulic and establish our first partnership with Fuyo General Lease,\u201d said Kurt Zech, President of Kennedy Wilson\u2019s Multifamily division. \u201cOne South Market offers exceptional long-term fundamentals, driven by its prime downtown location, strong employment base and limited new multifamily supply. With its proximity to major employers, transit and the broader Silicon Valley technology ecosystem, the property provides a unique opportunity to invest in a high-quality asset in one of the country\u2019s most dynamic markets.\u201d<\/p>\n<p>The investment exemplifies Kennedy Wilson\u2019s continued focus on high-quality multifamily assets in markets with major employment hubs and limited new housing supply. Downtown San Jose is positioned within Silicon Valley\u2019s broader technology ecosystem, with employers including Adobe, Zoom, Nvidia, Broadcom, Cisco and Samsung.<\/p>\n<p>\u2018\u2018We are delighted to make this investment alongside Kennedy Wilson and Hulic, marking our first joint venture collaboration with both companies in North America. By enhancing the quality of life and convenience for local communities, this investment is expected to contribute to a sustainable society. With this partnership as a foundation, we look forward to creating further opportunities together in the future,\u201d said Hiroyuki Motoshita, Managing Executive Officer, Real Estate Department at Fuyo General Lease Co., Ltd.<\/p>\n<p>\u201cWe are pleased to have our fifth joint venture investment with Kennedy Wilson and to partner with Fuyo General Lease for the first time. We are currently increasing international investment with trusted partners in areas where continued population and economic growth are expected. We believe this investment in One South Market, a high-quality multifamily community in the heart of downtown San Jose, satisfies our criteria,\u201d said Sohei Okuno, Managing Officer, General Manager of Global Investment Department at Hulic Co., Ltd<\/p>\n<p>CBRE\u2019s Jon Teel represented the Buyer in the transaction.<\/p>\n<p><strong>About Kennedy Wilson<\/strong><\/p>\n<p>Kennedy Wilson is a leading real estate investment company with $37 billion of assets under management in high growth markets across the United States, the UK and Ireland. Drawing on decades of experience, its relationship-oriented team excels at identifying opportunities and building value through market cycles, closing more than $70 billion in total transactions since 2009. Kennedy Wilson owns, operates, and builds real estate within its high-quality, core real estate portfolio and through its investment management platform, where the company targets opportunistic equity and debt investments alongside partners. For further information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.kennedywilson.com%2F&amp;esheet=54621298&amp;newsitemid=20261014276629&amp;lan=en-US&amp;anchor=www.kennedywilson.com&amp;index=2&amp;md5=496608c54cf2f87b4c21470a8da145b6\">www.kennedywilson.com<\/a>.<\/p>\n<p><strong>About Fuyo General Lease Co., Ltd.<\/strong><\/p>\n<p>Under its medium-term management plan \u201cFuyo Shared Value 2026,\u201d launched in FY2022, the Fuyo Lease Group strives for sustainable growth by simultaneously addressing social issues and creating economic value through the practice of CSV (Creating Shared Value). The group positions \u201creal estate\u201d as a field for maintaining and enhancing profitability through differentiation and efficiency, and is expanding its business domain through partnerships with other companies.<\/p>\n<p><strong>About Hulic Co., Ltd.<\/strong><\/p>\n<p>Hulic Co., Ltd. is a publicly listed Japanese real estate company with a portfolio of office buildings, commercial properties and hotels located primarily in central Tokyo. With real estate as its core business, the company has continued to strengthen its business foundation through the development of new businesses and M&amp;A. As part of its international business, Hulic invests in assets supported by strong underlying demand in markets expected to experience continued economic and population growth, including the United States and Asia.<\/p>\n<p>KW-IR<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261014276629r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20261014276629\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20261014276629\/en\/<\/a><\/span><\/p>\n<p class=\"bwalignl\">Emily Heidt<br \/>Managing Director, Communications<br \/>+1 (310) 887-3499<br \/><a rel=\"nofollow\" href=\"mailto:eheidt@kennedywilson.com\">eheidt@kennedywilson.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Finance Professional Services Residential Building &amp; Real Estate Commercial Building &amp; Real Estate Construction &amp; Property<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20261014276629\/en\/2932734\/3\/One_South_Market.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">One South Market<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20261014276629\/en\/234274\/3\/KWlogo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Kennedy Wilson Partners With Hulic and Fuyo General Lease (USA) Inc. on 312-Unit Multifamily Community in San Jose The $176 million acquisition marks Kennedy Wilson\u2019s fifth joint venture with Hulic and first partnership with Fuyo BEVERLY HILLS, Calif.&#8211;(BUSINESS WIRE)&#8211;Kennedy Wilson, a global real estate investment company, has closed on a three-party joint venture with Hulic Co., Ltd. and Fuyo General Lease (USA) Inc. to acquire One South Market, a 312-unit multifamily community in downtown San Jose, California for $176 million. The transaction marks Kennedy Wilson\u2019s fifth joint venture with Hulic and its first partnership with Fuyo General Lease (USA) Inc. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20261014276629\/en\/ One South Market Built in 2015, One South Market &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kennedy-wilson-partners-with-hulic-and-fuyo-general-lease-usa-inc-on-312-unit-multifamily-community-in-san-jose\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Kennedy Wilson Partners With Hulic and Fuyo General Lease (USA) Inc. on 312-Unit Multifamily Community in San Jose&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1009939","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kennedy Wilson Partners With Hulic and Fuyo General Lease (USA) Inc. on 312-Unit Multifamily Community in San Jose - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kennedy-wilson-partners-with-hulic-and-fuyo-general-lease-usa-inc-on-312-unit-multifamily-community-in-san-jose\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kennedy Wilson Partners With Hulic and Fuyo General Lease (USA) Inc. on 312-Unit Multifamily Community in San Jose - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Kennedy Wilson Partners With Hulic and Fuyo General Lease (USA) Inc. on 312-Unit Multifamily Community in San Jose The $176 million acquisition marks Kennedy Wilson\u2019s fifth joint venture with Hulic and first partnership with Fuyo BEVERLY HILLS, Calif.&#8211;(BUSINESS WIRE)&#8211;Kennedy Wilson, a global real estate investment company, has closed on a three-party joint venture with Hulic Co., Ltd. and Fuyo General Lease (USA) Inc. to acquire One South Market, a 312-unit multifamily community in downtown San Jose, California for $176 million. The transaction marks Kennedy Wilson\u2019s fifth joint venture with Hulic and its first partnership with Fuyo General Lease (USA) Inc. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20261014276629\/en\/ One South Market Built in 2015, One South Market &hellip; Continue reading &quot;Kennedy Wilson Partners With Hulic and Fuyo General Lease (USA) Inc. on 312-Unit Multifamily Community in San Jose&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/kennedy-wilson-partners-with-hulic-and-fuyo-general-lease-usa-inc-on-312-unit-multifamily-community-in-san-jose\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-14T10:03:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20261014276629\/en\/2932734\/4\/One_South_Market.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kennedy-wilson-partners-with-hulic-and-fuyo-general-lease-usa-inc-on-312-unit-multifamily-community-in-san-jose\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kennedy-wilson-partners-with-hulic-and-fuyo-general-lease-usa-inc-on-312-unit-multifamily-community-in-san-jose\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Kennedy Wilson Partners With Hulic and Fuyo General Lease (USA) Inc. on 312-Unit Multifamily Community in San Jose\",\"datePublished\":\"2026-10-14T10:03:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kennedy-wilson-partners-with-hulic-and-fuyo-general-lease-usa-inc-on-312-unit-multifamily-community-in-san-jose\\\/\"},\"wordCount\":836,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kennedy-wilson-partners-with-hulic-and-fuyo-general-lease-usa-inc-on-312-unit-multifamily-community-in-san-jose\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20261014276629\\\/en\\\/2932734\\\/4\\\/One_South_Market.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kennedy-wilson-partners-with-hulic-and-fuyo-general-lease-usa-inc-on-312-unit-multifamily-community-in-san-jose\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kennedy-wilson-partners-with-hulic-and-fuyo-general-lease-usa-inc-on-312-unit-multifamily-community-in-san-jose\\\/\",\"name\":\"Kennedy Wilson Partners With Hulic and Fuyo General Lease (USA) Inc. on 312-Unit Multifamily Community in San Jose - 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The transaction marks Kennedy Wilson\u2019s fifth joint venture with Hulic and its first partnership with Fuyo General Lease (USA) Inc. This press release features multimedia. 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