Private-equity firm KKR has made its largest-ever acquisition of apartment buildings, paying $2.1 billion for more than 5,200 units across the United States. The portfolio, acquired from a closed-end fund sponsored by developer Quarterra Multifamily, includes 18 mid- and high-rise buildings. The properties span California, Texas, and other states. This move represents KKR's biggest foray into the apartment market, signaling a bet on rising rents and a potential bottoming out of the multifamily market.
KKR has bought a sprawling apartment portfolio across the United States from Quarterra, the multifamily arm of homebuilder Lennar, for $2.1 billion, including a mix of high-rise and mid-rise developments in coastal and Sun Belt markets. https://t.co/xEPkfu3dlG
Hmmm. KKR's bet on apartment housing is in some ways a bet that the Fed's tight money policy will bring them windfall profits milked from higher rents paid by consumers desperate for housing, affordable or not. Charming people, these private equity folk.
KKR acquires $2.1 bln portfolio of multifamily real estate assets from Quarterra https://t.co/EE2vvkFc13 https://t.co/b9lpV8NDpG
Private equity giant KKR deemed the time right to buy multifamily, snapping up a portfolio for $2.1 billion. https://t.co/Orz1c5Dcwe
KKR has made its largest apartment acquisition in history, spending 0.06% of an Nvidia
KKR Picks Up 18-Property Multifamily Portfolio for $2.1B https://t.co/kssXlZvy1e
KKR Makes Its Biggest Foray Into Apartments, Betting on Rising Rents https://t.co/jkXB8Cqo6o
🔵 KKR ACQUIRES $2.1 BILLION PORTFOLIO OF RESIDENTIAL REAL ESTATE ASSETS FROM QUARTERRA KKR acquired a portfolio of 18 multifamily residential real estate assets on Tuesday from a closed end fund sponsored by developer Quarterra Multifamily for about $2.1 billion. Full Story… https://t.co/KPS3e55qxR
Sold to KKR who has made some impressive acquisitions lately. Congrats! https://t.co/d9H45qIQSO https://t.co/vRFN4cKmnm https://t.co/mzNBUrLVXM
Private-equity firm KKR paid $2.1 billion for more than 5,200 apartment units in 18 new mid- and high-rise buildings https://t.co/y6s7jIQEyj
Exclusive: KKR paid $2.1 billion for more than 5,200 apartment units across the country, the latest sign that large investment firms are starting to see a bottom in the multifamily market https://t.co/YTbvQEOIoF https://t.co/YTbvQEOIoF
📣 JUST IN: $KKR KKR Makes Its Biggest Foray Into Apartments with $2.1 Billion Deal - WSJ 👉 Key Highlights: 📍 KKR completes largest-ever apartment purchase, worth $2.1 billion. 📍 Deal includes over 5,200 units across the U.S. 📍 Properties span California, Texas, New… https://t.co/KbunsnjnzD
KKR MAKES ITS BIGGEST FORAY INTO APARTMENTS, BETTING ON RISING RENTS $KKR has completed its largest-ever purchase of apartment buildings paying $2.1 billion for more than 5,200 apartment units across the country - WSJ
*KKR Acquires 5,200 Apartment Units Across U.S. for $2.1 Billion, KKR Says -- WSJ KKR Makes Its Biggest Foray Into Apartments, Betting on Rising Rents -- WSJ
🔵 EXCLUSIVE-KKR SEEKS $20 BILLION FOR NEW NORTH AMERICA BUYOUT FUND KKR is seeking about $20 billion from investors for its latest flagship North America private equity fund, according to people familiar with the matter, three years after it launched its predecessor fund of… https://t.co/8icNJVBKWw