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Kkr Announces First Multifamily Property Investment By Krest

Oct 28, 2021•almost 4 years ago

New YorkFinancial Services

Description

KKR, a leading global investment firm, today announced that KKR Real Estate Select Trust Inc. (“KREST”) and RPM Living Investments (“RPM Living”), a full-service multifamily management, investment and development company, have acquired The Beach House Apartments (“The Beach House”), a multifamily property in Jacksonville, Florida. The transaction is KKR’s first multifamily investment through KREST, a continuously offered, registered closed-end fund designed to deliver access to income-oriented private real estate investments.

Company Information

Company

KKR

Location

New York, New York, United States

About

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries.