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 launched Alpha Storage Properties in 2021 to acquire and manage a portfolio of self-storage assets in high-growth markets; the company currently owns 25 self-storage assets with 18K+ units in ten U.S. markets.

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  • nimbly
    ·2023-03-22
    once when DE is $10 in 6-7 years they can lyft dividend to $0 .75($3 annual) and stock price can be very likely $180-200.
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  • pixiezz
    ·2023-03-22
    KKR intends to increase its regular annualized dividend per share of common stock from $0.62 to $0.66.
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  • frosti
    ·2023-03-22
    KKR is better because they reinvest almost everything. they promised $130 in 2026.
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  • wigglyz
    ·2023-03-22
    In 2026 we will all be homeless after ww3
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  • och
    ·2023-03-21
    k
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  • albert77
    ·2023-03-21
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    • LauAT
      Ghu
      2023-03-21
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  • Milan44
    ·2023-03-21
    👍
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    ·2023-03-21
    Ok
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    ·2023-03-21
    👍
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    ·2023-03-21
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    ·2023-03-21
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    ·2023-03-21
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    ·2023-03-21
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    ·2023-03-21
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    ·2023-03-21
    good
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      Ghu
      2023-03-21
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    ·2023-03-21
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    ·2023-03-21
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  • jazzspeed
    ·2023-03-21
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  • StarLuck
    ·2023-03-21
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