Tom Lee Joins KKR Real Estate Team in Sydney

Rhea-AI Summary

KKR has appointed Tom Lee as Managing Director and Head of Australia and New Zealand Real Estate, effective May 3, 2021. He will lead KKR's real estate platform in the region and join the Asia Real Estate Investment Committee. With a strong background, including his previous role as CEO of LOGOS, Lee will support KKR's expansion in Asia. KKR has invested over US$1.5 billion in Asia Pacific real estate since 2011, with Australia being a crucial market, where it has committed more than US$7 billion since 2006.

Positive

• Tom Lee's extensive experience in real estate adds leadership to KKR's Australia and New Zealand operations.
• KKR's Asia Real Estate Fund closing enhances its position in alternative capital across asset classes.
• KKR has committed over US$7 billion in Australia since 2006, indicating strong financial backing and market presence.

Negative

• None.

Global investment firm KKR today announced the appointment of Tom Lee as Managing Director and Head of Australia and New Zealand Real Estate, effective May 3, 2021. In the role Mr. Lee will be responsible for KKR’s real estate platform across Australia and New Zealand, and will play a critical leadership role in expanding KKR’s real estate strategies across the Asia region. He will also join the KKR Asia Real Estate Investment Committee.

“Tom’s proven real estate track record and global industry experience make him the perfect fit to lead our Australia and New Zealand real estate team. Tom has a unique skillset as an investor, operator and platform builder,” said John Pattar, Head of Asia Pacific Real Estate at KKR. “The recent close of our Asia Real Estate Fund significantly expands KKR’s position as a leading alternative capital provider across asset classes, and we furthermore look forward to working with Tom to also establish a pan-Asian core and core-plus real estate strategy to meet the demand for high-quality real estate throughout the region.”

“We are thrilled to have an investment professional of Tom’s caliber join our Australia team,” said Scott Bookmyer, Head of KKR Australia. “Australia and New Zealand’s real estate markets are being reshaped and modernized. Tom’s addition to our senior team opens up new and exciting ways for KKR to participate constructively in this evolution.”

Mr. Lee was most recently CEO of LOGOS, a logistics real estate investment manager with operations across Asia Pacific. Prior to that, Mr. Lee held senior roles at BlackRock, MGPA and Lendlease in Asia, Europe, US and Australia.

“KKR is one of the most respected real estate investors in the world and the flexible approach as a solution provider enhances our role as a partner of choice within real estate and the broader corporate sector,” said Mr. Lee. “I look forward to working alongside John, Scott and the firm’s talented investment professionals as we carry out KKR’s strategy in Australia, New Zealand and across Asia Pacific.”

KKR's Asia Pacific real estate platform invests in assets and platforms, utilizing equity and debt in both emerging and developed markets. KKR has deployed more than US$1.5 billion (A$2 billion) of equity in Asia Pacific across approximately 20 real estate transactions since 2011, including investments in mixed use, commercial, industrial, hotel, office and retail properties.

Australia is a key part of both KKR’s real estate and Asia Pacific investment strategies. KKR has been investing in the Australian market since 2006, and since then, has invested or committed more than US$7 billion (A$9 billion) of equity into high-caliber companies across asset classes including real estate, private equity and credit. KKR has invested in approximately 10 real estate assets in Australia and New Zealand since 2014. In the markets, the Firm looks for opportunities to reposition and revitalize industrial assets, in addition to investing in mixed-use and accommodation properties in inner metropolitan locations.

Mr. Lee’s appointment is the latest addition to KKR’s Australia team across business strategies. Recent senior appointments include Ben Hall as Managing Director and Head of Credit, Nicholas Hyde as Managing Director of the Client & Partner Group, Michael Robson as Managing Director of KKR Capstone, and Andrew Jennings as Director of KKR’s Infrastructure business in the market.

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/20210321005029/en/

FAQ

Who is Tom Lee and what is his role at KKR?

Tom Lee is appointed as Managing Director and Head of Australia and New Zealand Real Estate at KKR, effective May 3, 2021.

What has KKR invested in Asia Pacific real estate?

KKR has deployed over US$1.5 billion in approximately 20 real estate transactions in Asia Pacific since 2011.

How much has KKR invested in Australia since 2006?

Since 2006, KKR has committed more than US$7 billion in the Australian market across various asset classes.

What is the significance of Tom Lee's appointment?

Tom Lee's appointment is expected to lead KKR's real estate strategies in Australia and New Zealand, enhancing their influence in the market.