{"id":1004552798,"date":"2021-10-05T03:58:45","date_gmt":"2021-10-05T11:58:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004552798"},"modified":"2022-12-07T20:06:57","modified_gmt":"2022-12-08T04:06:57","slug":"kkr-closes-4-3b-opportunistic-real-estate-fund","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/kkr-closes-4-3b-opportunistic-real-estate-fund\/","title":{"rendered":"KKR Closes $4.3B Opportunistic Real Estate Fund"},"content":{"rendered":"
\"\"<\/a>

Image by Bruce Emmerling via Pixabay<\/p><\/div>\n

KKR has reached the final closing of its Real Estate Partners Americas III, a $4.3 billion fund focused on opportunistic real estate investments, predominantly in the U.S., the global investment firm announced Monday.<\/p>\n

In conjunction with dedicated funds raised in Asia and Europe over the past 12 months, KKR\u2019s global opportunistic real estate equity strategies oversee more than $8 billion across three active regional funds.<\/p>\n

The fund reportedly received strong backing from a diverse group of new and existing global investors, including public pensions, sovereign wealth funds, insurance companies, family offices, high net worth individuals and other institutional investors. As of the end of last month, REPA III had already committed more than $1 billion of capital.<\/p>\n

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READ ALSO<\/strong>: Takeaways From NAIOP\u2019s CRE.Converge<\/a><\/p>\n

\n

Chris Lee, head of Real Estate Americas for KKR, said in a prepared statement that REPA III is more than double the size of the firm\u2019s predecessor fund, which demonstrates the investors\u2019 enthusiasm for the current opportunity set in the Americas.<\/p>\n

KKR first established its dedicated real estate team and strategy in 2011. Since then, this team has grown to about 130 investment professionals spanning the equity and credit business across 12 offices in nine countries, and overseeing $33 billion of assets under management globally, as of mid-2021.<\/p>\n

As of 2021, added Ralph Rosenberg, global head of KKR Real Estate, \u201cour real estate platform has evolved to include multiple pools of capital with the ability to transact in scale across the equity and credit risk spectrum.\u201d<\/p>\n

KKR did not respond to Commercial Property Executive<\/em>\u2019s request for additional information.<\/p>\n

Ongoing acquisitions<\/h2>\n

REPA III is the successor fund to KKR Real Estate Partners Americas II, which completed fund-raising in January 2018 with $2.0 billion in capital commitments.<\/p>\n

One of the earlier fund\u2019s more recent acquisitions<\/a> was the eight-building, 688,000-square-foot Riata Corporate Park in Austin, Texas. The sellers in the $258 million deal were Accesso and Partners Group.<\/p>\n","protected":false},"excerpt":{"rendered":"

REPA III is more than double the size of its predecessor, KKR Real Estate Partners Americas II. <\/p>\n","protected":false},"author":882,"featured_media":1004498920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21783,23891,21742],"tags":[40484,32883,33268],"class_list":["post-1004552798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","category-national","category-latest","tag-accesso-partners","tag-kkr","tag-partners-group"],"acf":[],"yoast_head":"\nKKR Closes $4.3B Opportunistic Real Estate Fund - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/kkr-closes-4-3b-opportunistic-real-estate-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KKR Closes $4.3B Opportunistic Real Estate Fund\" \/>\n<meta property=\"og:description\" content=\"REPA III is more than double the size of its predecessor, KKR Real Estate Partners Americas II.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/kkr-closes-4-3b-opportunistic-real-estate-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-05T11:58:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T04:06:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/12\/Office-buildings.-Image-by-Bruce-Emmerling-via-Pixabay.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/kkr-closes-4-3b-opportunistic-real-estate-fund\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/kkr-closes-4-3b-opportunistic-real-estate-fund\/\",\"name\":\"KKR Closes $4.3B Opportunistic Real Estate Fund - 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