KKR & Co. has closed the previously announced transaction whereby KKR purchased all the shares of Mitsubishi Corp.-UBS Realty, a Japanese real estate asset manager.
KKR has completed the acquisition of all the outstanding shares of MC-UBSR from Mitsubishi Corp. and UBS Asset Management. Going forward, the asset manager, which was previously called MC-UBSR, will operate under the name KJR Management (KJRM), effective immediately.
In addition, KKR completed its acquisition of the units in the two funds managed by KJRM, Japan Metropolitan Fund Investment Corp. (JMF) and Industrial & Infrastructure Fund Investment Corp. (IIF), previously held by Mitsubishi Corp. JMF and IIF will continue to pursue their existing strategies under their existing names. Both Japanese REITs will be managed and supported by the approximately 160 professionals who are
