KKR has acquired a portfolio of 18 multifamily assets from a closed-ended fund sponsored by Quarterra Multifamily, a premier multifamily real estate development and operating company, for approximately $2.1 billion.
The recently built, class-A portfolio consists of more than 5,200 units concentrated primarily in growing coastal and sunbelt markets, including California, Washington, Florida, Texas, Georgia, North Carolina, Colorado and New Jersey. The portfolio is a mix of mid-rise and high-rise buildings featuring convenient access to urban, metropolitan areas, high-quality construction, modern amenities and excellent energy, water and waste efficiency.
“We are pleased to acquire this exceptional, well-located multifamily portfolio from one of the world’s premier developers and owners of residential real estate,” said Justin Pattner, partner at KKR and head of real Estate Equity in the Americas. “We believe this is a great moment to invest in real estate, as tr
