Weave Living and KKR Establish Urban Living Strategic Partnership in South Korea, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Weave Living and KKR have formed a strategic partnership to invest in rental housing assets in South Korea, specifically targeting Seoul. They aim to build a portfolio of approximately 1,200 units initially, with plans to expand over time.
March 26, 2024 | 7:09 am
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KKR, a global investment firm, partners with Weave Living to invest in Seoul's rental housing market, aiming for an initial portfolio of 1,200 units.
The partnership with Weave Living to invest in the Seoul rental housing market represents a strategic move for KKR, potentially opening new revenue streams and growth opportunities in the Asia Pacific region. Given KKR's global investment expertise and the growing demand for rental housing in Seoul, this partnership is likely to be viewed positively by investors, potentially leading to a short-term positive impact on KKR's stock price.
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