KKR, a global investment firm with assets exceeding $64 billion, is making strategic moves in the U.S. real estate market, particularly in the industrial estate sector. Their recent sale of 50 industrial buildings in high-growth markets, valued at approximately $8 billion, highlights their focus on prime properties in strategic locations. KKR owns and manages over 40 million square feet of industrial real estate properties in major metropolitan cities. With strong demand for quality assets in supply-constrained locations due to the growth in online shopping, KKR is emerging as a significant player in the warehouse and logistics facility real estate market, offering promising investment opportunities worldwide.
Based in New York, KKR is a prominent global investment firm renowned for its ability to generate attractive investment returns through the expertise of its world-class team. KKR sponsors investment funds that specialize in private equity, credit, and real assets while efficiently managing these funds. In addition to its core investment activities, KKR's insurance subsidiaries offer a range of retirement and life insurance products. With assets under management exceeding $64 billion, KKR provides investment solutions and asset management advice to clients and investors worldwide, operating through a network of 17 offices globally.
Within KKR's diverse portfolio, a dedicated team of 150 real estate investment and asset management professionals serves clients across the globe. Their focus extends to the vast potential within the U.S. real estate market, particularly in the industrial estate sector, where prime properties in strategic locations hold significant promise.
KKR recently made headlines with the sale of 50 industrial buildings situated in high-growth markets such as Atlanta, Dallas, Chicago, Pennsylvania, and others. These sales were notable due to the advantageous locations of these properties. KKR's real estate holdings have grown substantially, amassing assets valued at approximately $8 billion, including the recent sale of these five significant industrial properties. Presently, KKR owns and manages over 40 million square feet of industrial real estate properties in major metropolitan cities.
One of the most prominent transactions in this series was a $560 million sale involving industrial warehouse and distribution properties. These properties were transacted through five separate deals with five distinct buyers, primarily sourced from KKR's Real Estate Partners America's II Fund. Ben Brodney, a director at KKR responsible for overseeing U.S. industrial real estate investments, emphasized the company's commitment to offering investors both large portfolios and individual property dispositions in prime locations.
KKR's strategic focus involves the acquisition of logistics properties in high-growth markets, capitalizing on rising occupancy rates and robust rental income potential. Roger Morales, Partner and Head of Real Estate Acquisitions in America at KKR, highlighted their efforts in creating a platform to secure high-quality properties in promising U.S. real estate markets.
Recent sales by KKR underscore the strong demand for quality assets in supply-constrained locations, driven by the increased need for warehouses and logistic facilities in the wake of the pandemic-induced surge in online shopping. This positions KKR as a leading player in the real estate market for warehouses and logistic facilities, offering quality properties to investors and clients worldwide at competitive rates.
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