KKR has invested $272m (€259m) to buy seven industrial distribution buildings on behalf of its Americas opportunistic equity real estate fund.
KKR said the assets, totalling nearly 1.8m sqft, were acquired in three separate transactions with different sellers on behalf of the KKR Real Estate Partners Americas III fund. The assets are located in Dallas, Fort Worth and Atlanta.
Ben Brudney, a director in the real estate group at KKR who oversees the firm’s industrial investments in the US, said: “We are pleased to add these high-quality assets to our industrial portfolio.
“We continue to see strong demand in fast-growing Sunbelt markets, particularly for new, state-of-the-art, Class A product.”
To read the latest edition of the latest IPE Real Assets magazine click here.
