On Monday afternoon, KKR announced its acquisition of a collection of six top-notch industrial logistics properties in key U.S. markets for approximately $377 million. The New York City-based investment firm did not disclose the identity of the seller(s).
The portfolio boasts a 100% occupancy rate with a diverse mix of high-quality tenants. These assets are strategically located in prime submarkets within major cities such as Seattle, Atlanta, Philadelphia, New Jersey and the San Francisco Bay Area.
According to Ben Brudney, managing director at KKR’s real estate group: “We are thrilled to add these six well-positioned properties to our growing national portfolio of carefully selected and diversified industrial assets.” He also noted that they believe it will become increasingly challenging to replicate high-quality assets in infill locations near strong demand drivers and accommodating labor forces.
This purchase comes on the heels of KKR’s recent investments in Nashville, Dallas and Houston within the industrial sector. With this addition totaling approximately two million square feet, their total warehouse acquisitions across America have reached nearly six million square feet since early 2024.
In summary:
KKR has acquired a $377M national portfolio consisting
of six Class A industrial logistics properties located
in major U.S gateway & Sunbelt markets.
The seller/sellers were not disclosed by this NYC-based investment firm.
All units are fully leased with an excellent tenant mix,
strategically situated across various prominent cities including Seattle,
Atlanta & Philadelphia among others.
Ben Brudney (Managing Director) expressed excitement over adding these well-located properties into their expanding nationwide collection
of meticulously chosen & diversified warehouses;
further stating that finding comparable quality facilities near thriving demand centers &
suitable workforce will be progressively difficult moving forward.
This latest transaction follows previous investments made by KKR earlier this year
in Nashville,Dallas,& Houston;bringing their total US warehouse acquisitions thus far close
to 6M sq ft.
