Press Release
KKR Expands Real Estate Industrial Portfolio in Phoenix with a New Acquisition
January 12, 2021
The property is modern fulfillment center completed in 2019 with state of the art physical features including 36’ clear height and was 100% leased at acquisition to high quality tenant on a long-term basis. KKR acquired the asset from the developers,
“We continue to like high growth markets across the Sunbelt and are excited to further expand our presence in
KKR is making the investment through its core plus real estate strategy. Across its funds, KKR now owns approximately 32 million square feet of industrial property in strategic locations across major metropolitan areas in the
Since launching a dedicated real estate platform in 2011, KKR has grown real estate assets under management to approximately
About KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, credit and real assets, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about
View source version on businesswire.com: https://www.businesswire.com/news/home/20210112005386/en/
Media:
212-750-8300
media@kkr.com
Source: KKR
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