thank levels Daven. and our banks. we which very business the from stemming, morning, our Thanks, in macroeconomic Good quarter that challenging taken continued world's and global showed large you everybody, to the the our for third well elevated central reported perform portfolio today. of environment results, Yesterday, inflation us joining against actions part, and by
of to million drivers billion XX million the many billion XXXX. pipeline, include end incremental and in in NOI expansion almost near-term to fee-bearing to to have $XXX industrial income, which our and X% of by our increased areas feet $X we further square growth QX million of years. for growth. should be by growing KW, our development net to of completion X These and meaningfully and estimated will over of multifamily expected which and last portfolios of produce has portfolio, is XX% commercial our XX% operating of up units is we These future up of $XX debt annual the 'XX; by which $XX organically for Our of our Within multifamily our assets under of XX% comprised contribute management capital, which of XX,XXX properties. our to the is stabilized $X.X and expect NOI, year add the from billion year XX% that the
X/X are seeing cash flow Roughly Shelbourne sectors apartment we which loan logistics the in are growth, our include NOI of our along business, Hotel. where from and with our portfolio strong
portfolio outpaced growth housing. continue impressive see inflation same-property top line from demand cost homeownership for multifamily of We to as rents revenue the our where boosting high rental of X% is
The low logistics vacancy growth continues U.K. rental by see driven to rates the positive across market
million continued in total, global XX%. a to has significant of floating pullback occupancy traditional XX average And portfolio, from our is we which many lenders a feet, occupied continued institutional rate over Our robust the of from continue The from now rates And to KW. logistics platform our quality borrowers. square loans pipeline XXX basis fully return is at almost floating the a very benefit to with almost spread XX% see larger opportunities remain platform on as credit rate points. rising to totals of and generating
the focus State X.XX% fixed wholly rate of by our $XXX strategic we QX, debt These in of with as Mountain of owned presence our We of In sectors million logistics. our debt adding with we a best-in-class left quarter. accounted XXX% Albuquerque. continued of in XXX for units to on multifamily grew maturity. And and years X acquisition, this community investments part assumed apartment
U.S. included $XXX million $XXX in and portfolio, key and our our European loan originations. assets acquisitions coinvestment million In of logistics
totaled in dispositions million quarter. $XXX the Our
sold for on at and sale. this we was sale was in XXX-unit and a a consolidated million cap resulted rate X% Our on largest $XX X.Xx apartment sale IRR generated a gain Oakland, million which The multiple. urban XX% in $XX community equity
We retail generated million $XX also which U.K. consolidated $XX in assets, all $XXX we a and office completed we gains. dispositions which in Western in ownership sold million and coinvestment were the in United million million And States had $XX in portfolio, which interest. our XX%
a period see taught discussed past, in I've and us today. which in many has some the experience a of record important As have decades like we we long-term through investing lessons track navigating
some still sectors growth. debt And significantly diversified been and logistics, our built portfolio XX% which have are is continue below case in succeed to These rents flows. the to multifamily, all is creates our an of ability investments. we and best-performing the growing of market, where across our cycles. First, of logistics of have portfolio strong comprised cash seen multifamily
long-term a has interest hedging in changes against rates. our and Second, to protect principle capital and of strategy been currency
levels earlier related in risk debt. any While rate floating to interest year our we a increased are to predominantly the protection borrower, fixed rate rate manage we our
As of value hedged our carrying of have of either XX% fixed XX% the and also hedged, European debt our XX, September we remains XXXX, of or investments.
maturities We which XXXX XX% totaling have million, $XXX we approximately currently asset off and plan cash. pay of existing minimal in sales using to debt
$XX since realizations number Of $XXX to million over we a strong a note, foreign During hedges. cash cash while our our XXXX, of quarter, on maintaining of generated have currency KW generating currency the million we still of position. hedge restructured hedges, from
unspent And very with particularly that important us, have have capitalized strategic remain successfully decade. large with of of to our invested XX present with next to advantage opportunities forged They new institutional with relationships well the partners past continue be almost themselves in the continue taking committed over active we Kennedy-Wilson. XX Finally, the of and we ways that $X to platforms, evaluate may announced months. capital in billion nondiscretionary
Enbody, the over detail. Justin results our call discuss turn to like more our to now financial in I'd CFO, to
