{"id":23780,"date":"2023-10-02T14:43:06","date_gmt":"2023-10-02T14:43:06","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/kkr-sells-industrial-properties-worth-over-560-million\/"},"modified":"2023-10-02T14:43:06","modified_gmt":"2023-10-02T14:43:06","slug":"kkr-sells-industrial-properties-worth-over-560-million","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=23780","title":{"rendered":"KKR sells industrial properties worth over $560 million"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS\/Brendan McDermid\/File Photo<\/span>
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(Reuters) – U.S. private-equity firm KKR said on Monday it has completed the sale of an industrial property portfolio of 5 million square feet (465,000 square meters) for a total aggregate value of over $560 million. <\/p>\n

The sales, primarily comprising assets in KKR’s Real Estate Partners Americas II fund, include more than 50 industrial buildings spread across Atlanta, Dallas-Fort Worth, Chicago, the Lehigh Valley and Central Pennsylvania, the company said, without disclosing details of the buyer.<\/p>\n

Since the pandemic sparked a shift away from traditional brick-and-mortar stores and towards online shopping, retailers continue to have a high demand for industrial buildings like warehouses and logistic facilities. <\/p>\n

“These sales demonstrate the attractive bid that exists for a quality assets in supply-constrained locations,” said Roger Morales, partner and head of real estate acquisitions in the Americas at KKR. <\/p>\n

The company sold a 14.5 million square feet industry portfolio in 2021 for about $2.2 billion to Oxford Properties Group, a real estate investor based in Canada. <\/p>\n

Including the recent sale, KKR has sold about 21 million square feet industrial real estate since 2021. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS\/Brendan McDermid\/File Photo (Reuters) – U.S. private-equity firm KKR said on Monday it has completed the sale of an industrial property portfolio of<\/p>\n","protected":false},"author":1,"featured_media":11533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-23780","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"\nKKR sells industrial properties worth over $560 million | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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