KKR: $2.1bn acquisition in US real estate

(CercleFinance.com) - KKR has announced the acquisition of a portfolio of 18 multifamily assets from a fund sponsored by Quarterra Multifamily, a leading real estate development and operating company, for approximately $2.
1bn.

The portfolio includes over 5,200 units in buildings concentrated primarily in growing coastal markets, including California, Washington, Florida, Texas, Georgia and North Carolina, Colorado and New Jersey.

We believe it's the perfect time to invest in real estate, as transaction activity begins to pick up after two years of challenging commercial real estate markets. Across our platform, we are finding opportunities where our scale, strong relationships, multiple pools of capital and local knowledge give us advantages as a buyer of large pools of irreplaceable, high-quality assets, KKR said.

It adds that it likes the fundamentals of this sector. This portfolio serves the country's high-growth metropolitan areas, where new supply will slow considerably beyond the next two years.


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