KKR sells four self-storage properties
KKR sells four self-storage ...
Subscribe to Newsletter

KKR sells four self-storage properties

7 March 2023
1 min.
KKR sells four self-storage properties

KKR, a leading global investment firm, today announced that KKR has sold four Class A self-storage properties totaling approximately 2,897 units for approximately $80 million. Two of the properties are located in Austin, TX and the other two are located in Phoenix, AZ and Riverside, CA. The properties were owned by KKR’s Americas opportunistic equity real estate fund, KKR Real Estate Partners Americas III, and were sold in two separate transactions with different buyers.

Our focus on acquiring premier properties in strategic locations has enabled us to deliver a great outcome for our investors with these two sales,” said Ben Brudney, a Director in the real estate group at KKR. “We are continuing to grow our portfolio of self-storage properties with the support of our operating platform. We believe the self-storage sector is positioned to outperform in the current environment thanks to resilient demand and short-term lease cycles that benefit from an inflationary environment.”

KKR launched Alpha Storage Properties in 2021 to acquire and manage a portfolio of self-storage assets in high-growth markets and strategic infill locations across the country. Across its funds, KKR currently own 25 self-storage assets with over 18,000 units in ten U.S. markets. KKR’s global real estate business currently manages over $64 billion in assets as of December 31, 2022 with over 165 dedicated investment professionals, spanning both the equity and credit strategies.

Persons1 in the news

Director, Real Estate
1 place


GlobalNY.biz Press Releases are the latest news from New York companies.
Official press releases of New York companies are regularly published on the resource. You can find out the latest news of enterprises in the corresponding section on the main page. Placing press releases is a traditional and effective way to promote your business. It allows organizations to announce themselves and their products and services to the widest possible audience. In this case, the informational occasion can be anything: attracting people to an event or conference, highlighting new products or personnel appointments. If you set a goal to draw attention to your information, then GlobalNY.biz will become your reliable assistant in this matter. Thanks to the portal, your press release will be seen by reviewers of leading Internet publications, clients and partners.
GlobalNY.biz allows representatives of companies and organizations in New York to independently post a press release when registering on the resource. The most important feature of GlobalNY.biz is that all publications of New York companies fall into the archives and will be available from the search for a long time. You just need to add the press release to the news feed.
GlobalNY.biz offers its customers a subscription service that allows companies to regularly publish press releases on favorable terms. In addition, the business portal makes it possible to more fully tell about the life of the company by adding photos and videos, personas and employee quotes. All information materials have active links and will lead potential customers to your resource.
Alena Potapova

Development Director
Died this year
Born this year