KKR Expands Sunbelt Industrial Real Estate Portfolio with Acquisitions in Georgia and Texas

New York – (business wire)– KKR, one of the world’s leading investment firms, today announced that KKR has acquired two industrial properties in Georgia and Texas. These properties serve the metropolitan areas of Atlanta and Dallas-Fort Worth (“DFW”) and were purchased in two separate transactions from two separate buyers for a total purchase price of approximately $300 million. was obtained by

The Atlanta facility is located in Buford, Georgia and consists of four newly constructed Class A industrial warehouses totaling 1.1 million square feet (“SF”). The property is adjacent to I-85, an important regional trucking route. The buildings are rented to high quality and diverse tenants.

SouthPointe’s acquisition includes two Class A industrial warehouse buildings in South Dallas, built in 2017, totaling approximately 1 million SF. The property is located at the intersection of I-35E and I-20, a major highway in the DFW Metroplex. The two buildings were 100% rented by him to three tenants at the time of acquisition.

“We are very pleased to further expand our existing industrial footprint in these two important Sunbelt markets,” said Ben Brudney, Director of KKR’s Real Estate Group, who oversees the company’s industrial investments in the United States. says. “We continue to invest in strategically located high quality industrial real estate and believe demographic trends and structurally perfect supply will continue to create very strong demand. ”

The purchase was made through KKR’s Americas Core Plus Equity real estate strategy. Across U.S. funds, KKR has committed or acquired approximately $7 billion in logistics assets in the industrial sector since 2018, and currently has over SF45 million in major U.S. metropolitan areas. I own industrial property.

About KKR

KKR is a leading global investment firm providing alternative wealth management, capital markets and insurance solutions. KKR seeks to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and helping the companies and communities in which we invest grow. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries provide retirement, life insurance and reinsurance products under the control of Global Atlantic Financial Group. References to KKR investments may include the activities of sponsor funds and insurance subsidiaries. For more information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and Twitter @KKR_Co.

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