(CercleFinance.com) – KKR Real Estate Select Trust (KREST) has completed the purchase of a portfolio of 39 newly built properties in Tokyo, Japan.
The wallet was delivered in 2022 by a leading Japanese developer. The properties have been leased to a Japanese residential property manager with a contractual occupancy rate of 100%.
“Japan is the world’s second-largest real estate market and an important priority for KREST as we continue to build a large, resilient portfolio of high-quality properties around the world,” said Billy Butcher, KREST’s Managing Director and Managing Director. operating KKR’s global real estate business.
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