Acquires 1.6 million SF from Four Separate Sellers to Expand KKR’s Industrial Footprint in
The newly acquired properties consist of three high quality, shallow-bay, last mile distribution properties with an average vintage of 2006. The fourth property is a large, state of the art fulfillment center completed in 2020 which is leased to high quality, investment grade tenant on a long term basis. Together the four properties represent 1.6 million square feet. The properties were acquired from four different sellers.
“These acquisitions are part of our ongoing effort to expand our industrial portfolio across high growth Sunbelt markets,” said
“We are excited to increase our footprint in
KKR is making the investment in the three smaller properties through its Real Estate Partners Americas Fund II. The fourth property is an investment by KKR’s core plus real estate strategy and the first industrial investment by the core plus real estate strategy in
Across its funds, KKR owns over 18 million square feet of industrial properties in strategic locations in major metropolitan areas across the
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
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Source: KKR