KKR Launches Aggressive New Authentic-Estate Fund – Wall Avenue Journal

KKR & Co. has closed a $2 billion real-estate fund to acquire houses that are additional hard than thoroughly leased buildings in primary locations—but also present the prospective for bigger returns.

The new fund, which now has committed or expended about $250 million of the funds lifted, is taking pictures for the types of returns that define “opportunistic” and “value-added” money, which typically are intense in shopping for houses, expanding rents, leasing vacant house or redeveloping.