Term Sheet: Kennedy Wilson’s take-private; Makarora and Ares’ Plymouth refi; Virginia’s ACORE allocation

Kennedy Wilson is being acquired in a Fairfax Financial-funded deal that will privatize a still-growing real estate debt and equity platform; Chad Pike’s Makarora and the credit arm of Ares Management are heading to the CMBS market for a refinance of assets linked to Plymouth REIT; ACORE Capital taps into repeat allocator channels with a $250 million commitment from Virginia Retirement System; and more in today’s Term Sheet, exclusively for our valued subscribers.