KKR has completed the sale of more than 5 million square-feet of industrial warehouse and distribution properties for a total aggregate value of more than $560 million.
The dispositions were completed through five discrete transactions with five separate buyers.
The sales, primarily consisting of assets in KKR’s Real Estate Partners Americas II fund, included more than 50 industrial buildings located in high-growth, infill markets across Atlanta, Dallas-Fort Worth, Chicago, the Lehigh Valley and Central Pennsylvania. Since 2018, across its investment strategies in the United States, KKR has acquired more than 60 million square feet of logistics assets totaling approximately $8.0 billion of aggregate value. Including these five sales, KKR has sold approximately 21 million square feet since 2021 and currently owns more than 40 million square feet of industrial real estate in major metropolitan areas.