LEN - What's Going On With KKR Stock Tuesday? | Benzinga
KKR & Co Inc (NYSE:KKR) shares are trading lower Tuesday. A new report suggests the company is making a big bet on rising rents.
What To Know: According to a Wall Street Journal report, KKR has made its largest purchase of apartment buildings ever, suggesting the private-equity firm is anticipating a rebound in multifamily housing.
The report indicates that KKR paid $2.1 billion to acquire more than 5,200 apartment units across the United States. The multifamily housing deal included 18 new mid- and high-rise buildings and reportedly ...