Transactions - OCTOBER 14, 2021

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KKR JV acquires luxury multifamily in Dallas

by Released

KKR and Kairoi Residential (Kairoi), a national multifamily investment, development and property management company, have bought Novē at Knox from Southern Land Co., a national real estate developer of mixed-use developments and master-planned communities, and KBS. The sales price was not disclosed.

Kairoi will operate the hospitality-inspired property. Novē at Knox was developed and operated by SLC in partnership with KBS.

Completed in March 2021, Novē at Knox is a 19-story, 310-unit class A luxury multifamily complex in the Knox/Henderson district near Downtown Dallas, within walking distance of high-end entertainment, dining and shopping venues. The property features state-of-the art appliances, personal washers and dryers, luxury finishes, 10-foot ceilings, and floor-to-ceiling windows with sweeping views of the city. Common-area amenities at the property include 10,000 square feet of private open space, 24-hour concierge service, a 465-space parking garage with

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