KKR expands industrial real estate portfolio in the Sunbelt with acquisitions in Georgia and Texas


NEW YORK–(BUSINESS WIRE)–KKR, a leading global investment firm, today announced that KKR has acquired two industrial properties, one located in Georgia and the other in Texas. The properties serve the Atlanta and Dallas-Fort Worth (“DFW”) metro areas and were acquired in two separate transactions from two separate buyers for an aggregate purchase price of approximately $300 million .

The Atlanta property is located in Buford, GA and consists of four newly constructed Class A industrial warehouses totaling 1.1 million square feet (“SF”). The property is adjacent to I-85, a major regional trucking route. The properties are leased to a diverse mix of high quality tenants.

The SouthPointe acquisition includes two Class A industrial warehouses in South Dallas built in 2017 totaling approximately 1.0 million square feet. The property is located at the intersection of I-35E and I-20, major arteries for the large DFW metroplex. The two buildings were 100% let to three tenants at the time of acquisition.

“We are very pleased to further expand our existing industrial footprints 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. “We continue to invest in high quality, strategically located industrial real estate where we believe demographic trends and structurally comprehensive supply will continue to drive outsized demand.

The purchases were made as part of KKR’s core plus equity real estate strategy for the Americas. Across its U.S. funds, KKR has committed or acquired approximately $7 billion in industrial logistics assets since 2018 and currently owns more than 45 million square feet of industrial real estate across key regions. metropolitan areas of the United States.

About KKR

KKR is a leading global investment firm providing alternative asset management solutions as well as capital markets and insurance solutions. KKR aims to generate attractive returns on investment by following a patient and disciplined investment approach, employing world-class people and supporting the growth of its portfolio companies and communities. 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 offer pension, life insurance and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For more information about KKR & Co. Inc. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.


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