{"id":398454,"date":"2020-12-11T16:18:05","date_gmt":"2020-12-11T21:18:05","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=398454"},"modified":"2020-12-11T16:18:05","modified_gmt":"2020-12-11T21:18:05","slug":"kkr-acquires-large-portfolio-of-industrial-properties-in-major-markets-across-the-u-s","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-acquires-large-portfolio-of-industrial-properties-in-major-markets-across-the-u-s\/","title":{"rendered":"KKR Acquires Large Portfolio of Industrial Properties in Major Markets across the U.S."},"content":{"rendered":"

<\/p>\n

KKR Acquires Large Portfolio of Industrial Properties in Major Markets across the U.S.<\/b><\/p>\n

Acquisition Expands KKR\u2019s Industrial Real Estate Footprint to 30 Million Square Feet<\/i><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nKKR, a leading global investment firm, today announced the acquisition of a portfolio of approximately 9.7 million square feet of industrial real estate properties located in seven major markets across the U.S. (the \u201cPortfolio\u201d) from High Street Logistics Properties for an aggregate purchase price of approximately $835 million. The acquisition grows KKR\u2019s portfolio of industrial properties across its funds to approximately 30 million square feet in strategic locations across major metropolitan areas in the U.S.\n<\/p>\n

\nThe newly acquired Portfolio consists of primarily multitenant industrial assets in attractive infill submarkets and is complementary to KKR\u2019s existing footprint in the major markets of Atlanta, Baltimore, Chicago, Central Florida and Dallas. The acquisition also expands KKR\u2019s industrial real estate portfolio to new markets in Central Pennsylvania and South Florida.\n<\/p>\n

\n\u201cThis acquisition is an important milestone for our business as we continue to invest behind the strong demand fundamentals for warehouses that we see across the country,\u201d said Roger Morales, KKR Partner and Head of Commercial Real Estate Acquisitions in the Americas. \u201cThis is a strategic portfolio for us that deepens our footprint in our existing markets and also expands our holdings into attractive new markets.\u201d\n<\/p>\n

\nKKR is making the investment through its Real Estate Partners Americas Fund II. Since launching a dedicated real estate platform in 2011, KKR has grown real estate AUM to approximately $14 billion across the U.S., Europe and Asia as of September 30, 2020. The global real estate team consists of over 90 dedicated investment professionals, spanning both the equity and credit businesses.\n<\/p>\n

\nCBRE National Partners represented High Street in the transaction.\n<\/p>\n

About KKR<\/b><\/p>\n

\nKKR 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 KKR & Co. Inc. (NYSE:KKR), please visit KKR’s website at www.kkr.com<\/a> and on Twitter @KKR_Co.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201211005567\/en\/<\/a><\/span><\/p>\n

Media:
\n<\/b>
Cara Major or Miles Radcliffe-Trenner
\n
212-750-8300
\n
media@kkr.com<\/a><\/p>\n

KEYWORDS:<\/b> New York United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Residential Building & Real Estate Commercial Building & Real Estate Finance Construction & Property REIT Banking<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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KKR Acquires Large Portfolio of Industrial Properties in Major Markets across the U.S. Acquisition Expands KKR\u2019s Industrial Real Estate Footprint to 30 Million Square Feet NEW YORK–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced the acquisition of a portfolio of approximately 9.7 million square feet of industrial real estate properties located in seven major markets across the U.S. (the \u201cPortfolio\u201d) from High Street Logistics Properties for an aggregate purchase price of approximately $835 million. The acquisition grows KKR\u2019s portfolio of industrial properties across its funds to approximately 30 million square feet in strategic locations across major metropolitan areas in the U.S. The newly acquired Portfolio consists of primarily multitenant industrial assets in attractive infill submarkets and is complementary … <\/p>\n

Continue reading “KKR Acquires Large Portfolio of Industrial Properties in Major Markets across the U.S.”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-398454","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nKKR Acquires Large Portfolio of Industrial Properties in Major Markets across the U.S. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-acquires-large-portfolio-of-industrial-properties-in-major-markets-across-the-u-s\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KKR Acquires Large Portfolio of Industrial Properties in Major Markets across the U.S. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"KKR Acquires Large Portfolio of Industrial Properties in Major Markets across the U.S. Acquisition Expands KKR\u2019s Industrial Real Estate Footprint to 30 Million Square Feet NEW YORK–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced the acquisition of a portfolio of approximately 9.7 million square feet of industrial real estate properties located in seven major markets across the U.S. (the \u201cPortfolio\u201d) from High Street Logistics Properties for an aggregate purchase price of approximately $835 million. The acquisition grows KKR\u2019s portfolio of industrial properties across its funds to approximately 30 million square feet in strategic locations across major metropolitan areas in the U.S. The newly acquired Portfolio consists of primarily multitenant industrial assets in attractive infill submarkets and is complementary … Continue reading "KKR Acquires Large Portfolio of Industrial Properties in Major Markets across the U.S."\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-acquires-large-portfolio-of-industrial-properties-in-major-markets-across-the-u-s\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-11T21:18:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20201211005567r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kkr-acquires-large-portfolio-of-industrial-properties-in-major-markets-across-the-u-s\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kkr-acquires-large-portfolio-of-industrial-properties-in-major-markets-across-the-u-s\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"KKR Acquires Large Portfolio of Industrial Properties in Major Markets across the U.S.\",\"datePublished\":\"2020-12-11T21:18:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kkr-acquires-large-portfolio-of-industrial-properties-in-major-markets-across-the-u-s\\\/\"},\"wordCount\":480,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kkr-acquires-large-portfolio-of-industrial-properties-in-major-markets-across-the-u-s\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20201211005567r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kkr-acquires-large-portfolio-of-industrial-properties-in-major-markets-across-the-u-s\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kkr-acquires-large-portfolio-of-industrial-properties-in-major-markets-across-the-u-s\\\/\",\"name\":\"KKR Acquires Large Portfolio of Industrial Properties in Major Markets across the U.S. - 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