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KKR Acquires Industrial Distribution Property in Phoenix for USD 43m
Friday 18 September 2020

New York-based global investment firm KKR (NYSE: KKR) has acquired a Phoenix, Arizona industrial distribution property for approximately USD 43m, the company said.

The asset is the third industrial property acquired by KKR's core plus real estate strategy.

The property is a state of the art fulfillment centre completed in 2019 and was 100% leased at acquisition to the wholly owned subsidiary of a leading, Investment Grade public company.

KKR owns over 14m square feet of industrial property in strategic locations near major metropolitan areas across the US.

Since launching a dedicated real estate platform in 2011, KKR has grown real estate AUM to approximately USD 12.0bn across the US, Europe and Asia as of June 30, 2020.
Date Published: 18/09/2020