KKR launches net-lease investment platform Strategic Lease Partners

KKR has formed Strategic Lease Partners (SLP), a new platform to invest in a diversified portfolio of triple-net lease (NNN) real estate.

KKR’s investment, primarily from its credit and real estate funds, will position the platform to acquire more than $3 billion in assets. Veteran net-lease investors Andrés Dallal and Joseph Mastrocola will join SLP as partners, working with KKR’s real estate, credit and capital markets teams to acquire NNN properties and deliver sale-leaseback solutions to corporate tenants.

“We believe there is an attractive opportunity to acquire NNN assets and be a real estate partner of choice for companies in need of comprehensive, creative net lease solutions,” said Billy Butcher and Jenny Box, partners at KKR.

Prior to joining SLP, Dallal and Mastrocola were executive directors at W.P. Carey, where they were responsible for sourcing, evaluating, negotiating and structuring net-lease investments in North America. Both executives