KKR has invested $300m (€293m) to acquire two industrial real estate assets in the US Sunbelt region.
The global investment firm said it acquired the industrial properties – one located in Georgia and one in Texas – from two separate buyers.
The investment was made on behalf of KKR’s Americas core-plus equity real estate strategy.
The properties serve the Atlanta and Dallas-Fort Worth metropolitan areas.
Ben Brudney, a director in the real estate group at KKR who oversees the firm’s industrial investments in the US, said: “We are very pleased to further expand our existing industrial footprints in these two important Sunbelt markets.
“We are continuing to invest in strategically located, high-quality industrial real estate where we believe demographic trends and structurally full supply will continue to drive outsized demand.”
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