KKR is sealing the deal on a major commercial real estate fund after raising $4.3 billion.
KKR Real Estate Partners Americas, otherwise known as REPA III, is the company’’s third opportunistic fund. It closed more than two years after the second fund closed with $2 billion, according to the Commercial Observer.
As of last month, the company had committed $1 billion of capital from the fund for investments. Justin Pattner, the company’s head of real estate equity in the Americas, told the Observer the firm is taking a “thematic approach to real estate investing.”
The latest real estate fund will be geared towards a variety of commercial real estate assets. The Observer reports a particular focus will be put towards industrial, multifamily and self-storage assets. Pattner also told the outlet specific aspects of the office market would…