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KKR: purchase of 19 student residences for $1.64 billion
(CercleFinance.com) - KKR and Blackstone Real Estate Income Trust (BREIT) announced the signing of a definitive agreement enabling funds managed by KKR to acquire from BREIT a portfolio of 19 student residences built for approximately $1.
64 billion. This portfolio of over 10,000 beds comprises 19 upscale student residences located near 14 major public universities in 10 states. Student housing is a sector in which we have a long-term conviction. We are pleased to be working with Blackstone on this transaction, which will add a diversified set of high-quality properties to our portfolio', said Justin Pattner, partner at KKR and head of real estate equities in the Americas. Copyright (c) 2024 CercleFinance.com. All rights reserved. |
03/05/2024 17:36
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