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KKR: Housing's Where the Opportunities Are

KKR's second value-add and opportunistic vehicle is “focused on all the housing themes,” global head of real estate Ralph Rosenberg told Bloomberg on Wednesday.

By Paul Bubny | Updated on January 11, 2018

Photo of Ralph Rosenberg When targeting real estate opportunities, “We’re leveraging our whole franchise at KKR,”Rosenberg said Wednesday.

NEW YORK CITY—“We fundamentally focus on themes that have really strong drivers for demand,” Ralph Rosenberg, global head of real estate at KKR, said in a Bloomberg News interview Wednesday. “So right now we’re really focused on all the housing themes—seniors housing, student housing, multifamily housing—alongside the theme of looking at the Sunbelt states and the migration of population to the major cities in the South, where there’s low tax jurisdiction and, obviously, great weather.”

Rosenberg made his comments as KKR announced the final close on its KKR Real Estate Partners Americas II, the successor to a value-add and opportunistic vehicle which completed fundraising in December 2013. At $2 billion, REPA II exceeds the size of REPA I as well as KKR’s initial target for the newer fund.

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