KKR Expands Presence in Los Angeles
Private equity giant KKR & Co. is expanding its presence in Los Angeles with the opening of a new office. The move is part of the firm’s push to increase its investments in commercial real estate.
KKR’s Growing Interest in Real Estate
KKR has been steadily increasing its investments in real estate over the past few years. The firm has made investments in office buildings, hotels, and other commercial properties in the U.S. and Europe. It has also invested in residential properties in the U.S. and Asia.
The firm has been particularly active in the Los Angeles area. In 2019, KKR acquired a portfolio of office buildings in the city for $1.2 billion. The firm also purchased a portfolio of hotels in the area for $1.3 billion in 2020.
KKR’s New Office in Los Angeles
KKR’s new office in Los Angeles is located in the city’s downtown area. The office will be staffed by a team of real estate professionals who will focus on identifying and executing investments in the area.
The office will be led by KKR’s head of real estate in the Americas, David Lang. Lang has been with KKR since 2018 and has been instrumental in the firm’s investments in the region.
KKR’s Strategy for Real Estate
KKR’s strategy for real estate is to focus on long-term investments in high-quality assets. The firm is looking to acquire properties that have strong fundamentals and are well-positioned for long-term growth.
The firm is also looking to invest in properties that have potential for value-add opportunities. This could include repositioning a property, renovating it, or adding new amenities.
KKR’s Outlook for Real Estate
KKR is optimistic about the outlook for real estate in the Los Angeles area. The firm believes that the city’s strong economy and population growth will continue to drive demand for commercial real estate.
The firm is also bullish on the potential for value-add opportunities in the area. KKR believes that there are a number of properties that can be repositioned or renovated to create value for investors.
KKR’s Commitment to Los Angeles
The opening of KKR’s new office in Los Angeles is a sign of the firm’s commitment to the city. The firm believes that the city has a bright future and is well-positioned for long-term growth.
KKR is confident that its new office in Los Angeles will be a success and will help the firm to continue to grow its presence in the city. The firm is committed to investing in the city and creating value for its investors.