KKR has acquired three class A self-storage properties in high-growth U.S. markets totaling approximately 2,000 units. The properties were acquired in three separate transactions with different sellers for an aggregate purchase price of approximately $70 million.
The newly acquired properties are located in Alexandria, Va.; Atlanta; and St. Petersburg, Fla. Two of the assets were built between 2018 and 2020, while the third was built in 2001. The purchases mark KKR’s first self-storage real estate acquisitions in St. Petersburg and the Washington, D.C., metropolitan statistical area, as well as the latest addition to KKR’s self-storage portfolio serving the Atlanta MSA.
“We are excited to expand our self-storage portfolio with the addition of these three high-quality properties, which deepen our presence in Atlanta and establish new foundations for growth in St. Petersburg and Washington D.C.,” said Ben Brudney, a director in the real estate group at KKR. “We
