KKR has plans to make a $1.5 billion equity investment in Vertical Bridge REIT to support its future growth.
The addition of KKR as a new investor establishes a fully funded, long-term capital structure that supports Vertical Bridge’s strategic plan and reinforces the company’s position as a permanent owner and operator of a nationwide portfolio of more than 17,000 towers.
“This transaction provides us with the resources to continue developing our portfolio at scale while maintaining our disciplined, returns-focused approach to capital deployment,” said Ron Bizick, president and CEO of Vertical Bridge. “We are pleased to have KKR as an experienced, long-term investor as we expand our platform, advance organic development, and selectively pursue M&A opportunities that strengthen our portfolio, while continuing to deliver the agile, customer‑focused approach that defines Vertical Bridge.”
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