Stabilized Real Estate
Industrial - AIP-PMR 3-Pack
PURCHASE PRICE
$164M
SIZE
1,528,580 SF
LOCATION
Various, US
ACQUISITION DATE
Q3 '20

Investment Highlights

  • Three, 100%-leased, Class-A industrial distribution centers that located in Portland, OR, Raleigh-Durham, NC and Memphis, TN
  • 349k square feet, Class A distribution center 100% leased to a third party grocery distributor, 770k SF Class-A distribution center that is 100% leased to a global distributor of cereal, food, and beverage products, and a 410k SF, Class-A last mile distribution center that is 100% leased to a major global e-commerce company
  • Located in markets with strong industrial supply and demand fundamentals as well as positive long-term demographic trends
  • Leveraged KKR’s Private Equity and Private Credit teams to diligence the credits of the tenants

(1) As of October 31, 2022.


Behind the Deal – C&S Wholesale Grocers (Industrial)

Learn more about the process behind the acquisition of KREST’s C&S Wholesale Grocers (Industrial) investment