April 15, 2016 Comments Off on KKR Heads West, Targets California CRE Views: 875 Bay Area, California News, West

KKR Heads West, Targets California CRE

Global investment firm KKR & Co. LP expanded its commercial real estate business onto the West Coast, with the formation of a new division based in San Francisco. The private equity firm says it will initially target acquisitions in the Bay Area and Southern California.

Justin Pattner, co-head of KKR’s real estate acquisitions in the Americas, will lead the team. Brett Kelly and Michael Fancher are two other members of the group housed in KKR’s existing office at 555 California St.

KKR formed its real estate division in 2011, targeting retail and senior living properties. Since then, it has diversified into office, industrial and residential assets, as well as other real estate companies. So far, the company has only completed two real estate investments in the western region, but it sees significant growth opportunities ahead.

Read More at San Francisco Business Times

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