Reported 11 months ago
On June 26, 2024, New York private equity firm KKR invested $2.1 billion in acquiring a real estate portfolio encompassing over 5,200 apartments, marking the company's largest residential acquisition to date. This reflects a trend of major investment firms showing confidence in the upcoming rebound of the U.S. rental housing market. The purchase from Quarterra, an apartment development business under Lennar, includes 18 newly constructed mid-to-high-rise buildings in various states including California, Washington, Florida, Texas, Georgia, North Carolina, Colorado, and New Jersey. Recent acquisitions by large investment companies like KKR suggest growing optimism for the rental market with expectations of rising rents in the near future, especially in the central and northeastern U.S. where rental prices are already showing signs of recovery.
Source: YAHOO