KKR announces that it has acquired Park 8Ninety, a 12-building industrial logistics park in Houston, Texas, for around $234 million from Artis Real Estate Investment Trust.

Scheduled for completion between 2017 and 2022, the park covers some 930,000 sq.m. and boasts a strategic location with direct access to major transportation routes.

KKR made the acquisition via its KKR Real Estate Partners Americas III fund.

The company recalls having committed or acquired nearly $7.5 billion in logistics assets since 2018, owning nearly 4.5 million m² of industrial real estate in the United States.

The company also manages $71 billion in real estate assets worldwide.

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