(Finance) – KKRone of the world’s leading investment firms, has completed the sale of over 5 million square feet of industrial warehouse space and distribution properties for a total aggregate value of over 560 million dollars. The sales were completed through five separate transactions with five separate buyers.
Sales, consisting primarily of assets in the Real Estate Partners Americas II fund by KKR, included more than 50 industrial buildings located in high-growth infill markets across Atlanta, Dallas-Fort Worth, Chicago, the Lehigh Valley and central Pennsylvania.
“Our strong focus on asset quality and market selection gives us the flexibility to deliver results to our investors in varying market conditions, whether through the sale of large portfolios or through individual disposals of well-purchased properties – said Ben Brudney, Director of KKR who oversees industrial real estate investments in the United States – We continue to selectively acquire logistics properties in growth markets and our existing portfolio continues to benefit from high occupancy and rental growth potential.”
(Photo: Photo by Hannes Egler on Unsplash)