KKR Sells $560M In Industrial Assets, Keeps Focus On Logistics In Growth Markets
Portfolio Pulse from Lekha Gupta
KKR & Co Inc has sold over 5 million square feet of industrial warehouse and distribution assets for more than $560 million. The sale was completed through five transactions with separate buyers. The assets sold are part of the Real Estate Partners Americas II fund and include over 50 industrial buildings in high-growth markets. KKR continues to focus on acquiring logistics properties in growth markets.
October 02, 2023 | 4:01 pm
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KKR has sold industrial assets worth over $560 million to focus on logistics properties in growth markets. This could potentially increase the company's profitability in the long run.
KKR's strategic move to sell industrial assets and focus on logistics properties in growth markets indicates a potential increase in profitability. The company's existing portfolio continues to benefit from high occupancy and rent growth potential, which could positively impact the stock price.
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