KKR Acquires $2.1B Multifamily Portfolio From Quarterra
Portfolio Pulse from Benzinga Newsdesk
KKR has acquired a $2.1 billion multifamily portfolio from Quarterra, consisting of 18 high-quality, Class A assets concentrated in coastal and Sunbelt markets.
June 25, 2024 | 8:16 pm
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POSITIVE IMPACT
KKR has acquired a $2.1 billion multifamily portfolio from Quarterra, which includes 18 high-quality, Class A assets in coastal and Sunbelt markets. This acquisition is likely to enhance KKR's real estate portfolio and could positively impact its stock price in the short term.
The acquisition of a $2.1 billion multifamily portfolio is a significant addition to KKR's real estate assets. The high-quality, Class A nature of the assets and their location in desirable coastal and Sunbelt markets are likely to enhance KKR's portfolio value and generate positive investor sentiment, leading to a potential short-term increase in stock price.
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