KKR Has Completed The Sale Of Over 5 Million Square Feet Of Industrial Warehouse And Distribution Properties For Over $560M, Primarily Consisting Of Assets In KKR's Real Estate Partners Americas II Fund
Portfolio Pulse from Benzinga Newsdesk
KKR has completed the sale of over 5 million square feet of industrial warehouse and distribution properties for over $560M. The assets primarily belong to KKR's Real Estate Partners Americas II Fund.
October 02, 2023 | 11:16 am
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KKR has sold a significant amount of industrial warehouse and distribution properties, primarily from its Real Estate Partners Americas II Fund, for over $560M.
The sale of these assets could indicate a strategic shift for KKR, but it's unclear whether this will have a positive or negative impact on the company's stock in the short term. The proceeds from the sale could be used for other investments or to strengthen the company's balance sheet.
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