Deals
KKR Nears $800 Million Warehouse Deal With E-Commerce Booming
- Purchase of about 100 properties set to be financed with CMBS
- Sector has performed well as more shopping moves online
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KKR & Co. is nearing a deal for a portfolio of U.S. warehouses, a sector that has received a boost during the pandemic as consumers increasingly turn to e-commerce.
The transaction, which may close as soon as next week, values the roughly 100 properties at more than $800 million, according to a person with knowledge of the matter.