SPONSORED: KKR — Finding opportunities in a bifurcated market

In a real estate investment market made sluggish by illiquidity and the rising costs of capital debt servicing, some sectors, such as office and retail, are experiencing correction and repricing, while housing and retail sectors still show promise for strong performance, explain Chris Lee, partner and head of real estate, Americas, and Justin Pattner, partner and head of real estate equity, Americas, both of KKR. In an interview published in the September issue of Institutional Real Estate Americas, Lee and Justin Pattner discuss the state of the real estate investment market and how they plan to continue to seek opportunities in three areas: core assets being sold by owners who need liquidity; stable assets with stressed capital structures; and private and public companies needing capital. “Look at the massive revaluation that has occurred in the two largest sectors, office and retail. People who were not on top of consumer preferences or corporate behavior are in the p