KKR Expands Industrial Real Estate Footprint in Tampa with New Acquisition
KKR has acquired a 178,400 square foot industrial property in Tampa, Florida, which was newly built in 2020 and is fully leased to three tenants. This strategic purchase increases KKR's industrial real estate holdings in the greater Tampa area to 1.4 million square feet. KKR's investment is part of its Americas opportunistic equity real estate strategy, contributing to a total of nearly 34 million square feet across major U.S. metropolitan areas. With approximately $28 billion in real estate assets under management, KKR continues to focus on long-term growth opportunities in Florida.
- Acquisition of a newly built, fully leased industrial property enhances KKR's portfolio.
- Expansion of real estate footprint in the growing Tampa market to 1.4 million square feet.
- Demonstrates KKR's strategy of investing in high-quality assets in strategic locations.
- None.
KKR, a leading global investment firm, today announced the acquisition of a 178,400 square foot industrial property in Tampa, Florida.
The asset is located in a highly infill location in East Tampa, approximately fifteen minutes from Tampa’s vibrant downtown, and was newly built in 2020 with state-of-the-art physical features including 32’ clear height. The property was
The acquisition expands KKR’s industrial real estate footprint in the greater Tampa market to 1.4 million square feet.
“We are long term believers in Florida’s continued growth story,” said Roger Morales, KKR Partner and Head of Commercial Real Estate Acquisitions in the Americas. “The demographic growth in Tampa in particular has been impressive and we are delighted to add this well located, high quality asset to our portfolio.”
KKR is making the investment through its Americas opportunistic equity real estate strategy. Across its funds, KKR owns nearly 34 million square feet of industrial property in strategic locations across major metropolitan areas in the U.S.
Since launching a dedicated real estate platform in 2011, KKR has grown its real estate assets under management to approximately
About KKR
KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional 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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