Acquisitions are the First Industrial Assets in KKR’s Core Plus Real Estate Strategy
KKR, a leading global investment firm, today announced the acquisition of two industrial distribution properties totaling approximately 2.5 million square feet for an aggregate purchase price of approximately
The newly acquired properties are located in major markets of
“We are excited to increase our footprint in these major distribution markets with the addition of two high quality, stable assets,” said
KKR owns over 12 million square feet of industrial property in strategic locations near major metropolitan areas across the
About KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, 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
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Source: KKR