KKR Acquires Phoenix’s The District at Scottsdale | Business News

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KKR Acquires Phoenix’s The District at Scottsdale | Business News

“The District at Scottsdale is well positioned with a great location and world-class amenities, and supports the continued growth of Phoenix as a premier destination to live and work in,” said Michael Friedland, Managing Director at KKR. “We are excited to deepen our commitment to the Phoenix market by adding this trophy asset to our Core Plus real estate portfolio.” Since launching a dedicated real estate platform in 2011, KKR has had real estate assets under management of approximately $ 28 increased in the United States, Europe, and Asia Pacific as of March 31, 2021. KKR’s global real estate team consists of over 110 dedicated investment professionals covering both the equity and credit businesses in 11 offices and eight countries, providing alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by adopting a patient and disciplined investment approach, employing world class people, and supporting the growth of its portfolio companies and communities. KKR sponsors mutual funds that invest in private equity, credit and real assets, and has strategic partners who manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the leadership of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For more information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

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