Kennedy-Wilson Buys Research FirmTuesday, March 6, 2012
Kennedy-Wilson Holdings Inc. has acquired Meyers LLC, an Irvine real estate consultancy that specializes in advisory, research and capital placement for the single family homebuilding and apartment markets.
The Beverly Hills real estate investment and services company on Tuesday said that the founder and principal of Meyers LLC, Jeff Meyers, is regarded as the leading expert in residential trends and the firm will continue to operate as Meyers Research LLC, a Kennedy-Wilson Company. Terms of the deal were not disclosed.
Meyers formed the Meyers Group in 1985, which grew to become the housing industry’s largest provider of market research. That company was sold in 2004, and two years later Meyers reassembled his consulting team to found Meyers LLC.
“The variety of capabilities and depth of experience in the industry that (Meyers) and his group bring will complement and add significant value to our existing services platform,” said Chief Executive William McMorrow in a statement.
Kennedy-Wilson shares were down 28 cents, or 2 percent, to $13.53 in midday trading on the New York Stock Exchange.