Major US markets are experiencing outsized demand for logistics real estate driven by demographic trends and the proliferation of e-commerce, giving reason for KKR to expand its presence in the sector through a new development initiative.
To lead these increased efforts, KKR hired industry veterans Matt Singleton and Greg Bradley to join KKR's Alpha Industrial Properties to oversee construction and development including ground-up development of Class A industrial logistics properties.
KKR's wholly owned U.S. industrial real estate platform, Alpha Industrial Properties (AIP), has begun development of sites in Atlanta, Dallas, Denver and Orlando and has another four sites in pre-development.
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