Reported 6 months ago
KKR & Co. injected $50 million into one of its property trusts and agreed to support its valuation amidst commercial real estate challenges. The firm purchased shares in its KKR Real Estate Select Trust and pledged to cancel shares if trust value falls below a certain level by 2027. This move aims to provide enhanced downside protection and increase liquidity and financing capacity for the REIT, reflecting KKR's confidence in real estate recovery and offering benefits to all shareholders.
Source: YAHOO