KKR Raises $4.3 Billion for Real Estate Investments in Americas

KKR & Co. raised $4.3 billion for its third opportunistic real estate fund as the buyout firm turns its attention to acquiring assets that are pandemic proof.

The new fund, KKR Real Estate Partners Americas III, will focus largely on U.S. investments, according to the firm. It has already committed more than $1 billion to industrial properties, rental housing, self storage, student housing and lodging. Backers include new and existing investors from pensions to sovereign wealth funds.

KKR is ramping up real estate bets at a tenuous time for parts of the sector. It’s steering clear of segments battered by ...