KKR Launches Net Lease Investment Platform Strategic Lease Partners

Rhea-AI Summary

KKR has launched Strategic Lease Partners (SLP), a platform aimed at investing in a diversified portfolio of triple-net lease (NNN) real estate. The firm plans to acquire over $3 billion in assets, primarily from its credit and real estate funds. Veteran investors Andrés Dallal and Joseph Mastrocola will serve as Partners in SLP, focusing on sale-leaseback solutions for corporate tenants. The initiative aims to provide comprehensive real estate solutions, leveraging KKR's extensive capabilities in real estate, credit, and capital markets.

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• KKR's new platform, SLP, will target over $3 billion in NNN real estate assets.
• Andrés Dallal and Joseph Mastrocola bring extensive experience in net lease investments.

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• None.

Andrés Dallal and Joseph Mastrocola to Join New Platform as Partners

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced the formation of Strategic Lease Partners (“SLP”), a new platform to invest in a diversified portfolio of triple-net lease (NNN) real estate. KKR’s investment, primarily from its credit and real estate funds, will position the platform to acquire over $3 billion in assets. Veteran net lease investors Andrés Dallal and Joseph Mastrocola will join SLP as Partners, working with KKR’s real estate, credit and capital markets teams to acquire NNN properties and deliver sale-leaseback solutions to corporate tenants.

“We believe there is an attractive opportunity to acquire NNN assets and be a real estate partner of choice for companies in need of comprehensive, creative net lease solutions. By leveraging KKR’s broad-based real estate, credit and capital markets capabilities and resources – and the deep connectivity between them – SLP can be a differentiated partner for corporate tenants. We look forward to partnering with Andrés and Joe, two accomplished investors with deep relationships and great experience sourcing and evaluating net lease opportunities, to build-out SLP,” said Billy Butcher and Jenny Box, Partners at KKR.

Prior to joining SLP, Messrs. Dallal and Mastrocola were Executive Directors at W.P. Carey, where they were responsible for sourcing, evaluating, negotiating and structuring net lease investments in North America. Both executives bring strong investment expertise across long-term, triple-net, single-tenant sale-leasebacks and build-to-suit transactions for corporate clients.

“We are delighted to join the KKR team in this new venture and to grow SLP as a trusted partner to corporations as an owner of their properties under long-term leases. We believe that with KKR’s resources and collaborative culture across strategies, SLP is uniquely positioned to understand the perspective of a corporate tenant and act decisively to provide a reliable solution to corporations across the credit spectrum,” said Messrs. Dallal and Mastrocola.

About Strategic Lease Partners

Strategic Lease Partners (SLP) is a diversified triple-net lease (NNN) real estate investment platform, which engages the capabilities and resources of KKR’s real estate, credit and capital markets teams to acquire NNN properties and deliver sale-leaseback solutions to corporate tenants. Sponsored by global investment firm KKR, SLP provides tenants from a wide-range of industries with reliable ownership and long-term leasing for their mission-critical real estate. For more information, please contact Inquires@StratLP.com.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210826005260/en/

Business Inquiries:

Inquires@StratLP.com

Media Contact:

Cara Major and Miles Radcliffe-Trenner

212-750-8300

media@kkr.com

Source: KKR

FAQ

What is the Strategic Lease Partners initiative by KKR?

Strategic Lease Partners (SLP) is a new investment platform formed by KKR to focus on acquiring a diversified portfolio of triple-net lease real estate.

How much does KKR plan to invest in the Strategic Lease Partners platform?

KKR aims to invest over $3 billion in assets through the Strategic Lease Partners platform.

Who are the key executives involved in KKR's Strategic Lease Partners?

Veteran investors Andrés Dallal and Joseph Mastrocola will join Strategic Lease Partners as Partners.

What type of real estate will KKR's Strategic Lease Partners focus on?

SLP will focus on triple-net lease (NNN) real estate properties.

What is the expected benefit of KKR's Strategic Lease Partners for corporate tenants?

SLP aims to provide comprehensive and creative net lease solutions for corporate tenants looking for reliable leasing options.