Real Estate

Real Estate

Core is ‘Toppy and Choppy’

Ralph Rosenberg, Member and Head of KKR's Real Estate platform, speaks on how investors lose intellectual integrity thinking real estate is as risk-free as Treasuries. Less than three years into the business, Rosenberg shares with Privcap his aims and insights. November 18, 2013.

KKR’s Real Estate business’ mandate is to make control or influence investments and transactions across the capital structure. Up until relatively recently, we pursued real estate opportunities through our private equity strategy. In 2011, we made a decision to build a high-quality, dedicated real estate investment team within our company, and as of September 30, 2015, our team consists of over 30 dedicated investment professionals who leverage resources throughout KKR. Access to KKR Private Equity, KKR Credit, KKR Capital Markets, the KKR Global Institute, KKR Global Macro and Asset Allocation, and KKR Public Affairs, provides far greater resources to source, analyze and execute real estate transactions and address the needs of our clients.

Sourcing, Information, Execution

We specifically target real estate opportunities—including property-level equity, debt, special situations transactions and businesses with significant real estate holdings—that can benefit from KKR’s deep, longstanding global relationships, access to proprietary information, financial structuring and capital markets capabilities and real estate operational expertise. We focus on investment opportunities where we have differentiated insights and/or relationships, and where we believe we can add value. As a leading global investment firm with significant experience in financial markets, we have the resources and global network of professional relationships to make us a partner of choice.

Our Investments

The specific investments identified above represent all of KKR’s real estate investment from March 2011 to September 2014. They are not representative of all of the investments purchased, sold or recommended for KKR funds and clients, and it should not be assumed that the investments identified were or will be profitable. Actual holdings will vary for each KKR client and there is no guarantee that a particular KKR client’s account or vehicle will hold any or all of the investments listed.