KKR to Buy Japan Real Estate Even After BOJ Raises Rates (1)

KKR & Co. plans to keep buying real estate assets in Japan even if the central bank raises interest rates for the first time since 2007.

Japan is now the alternative asset manager’s main focus for property in Asia, and KKR has the capacity to spend anywhere from $20 million to more than $1 billion on individual deals, said Ralph Rosenberg, the US firm’s global head of real estate.

The nation’s property sector has been attractive because the Bank of Japan has kept rates at rock bottom, allowing the return on investment to exceed borrowing costs. Rosenberg expects monetary ...