KKR offloads four self-storage properties for $80M KKR $KKR & Co LP(KKR)$ sold four Class A self-storage properties for ~$80M with two of them located in Austin, TX and the other two are located in Phoenix, AZ and Riverside, CA. The properties were owned by KKR's Americas opportunistic equity real estate fund, KKR Real Estate Partners Americas III, and were sold in two separate transactions with different buyers. "We are continuing to grow our portfolio of self-storage properties with the support of our operating platform. We believe the self-storage sector is positioned to outperform in the current environment thanks to resilient demand and short-term lease cycles that benefit from an inflationary environment," KKR Director commented. KKR