KKR - Why KKR Shares Are Trading Higher Today | Benzinga
KKR & Co. Inc. (NYSE:KKR) and Healthcare Realty Trust Incorporated (NYSE:HR) have inked a strategic joint venture (JV) relationship to jointly own and invest in quality medical outpatient buildings.
The JV constitutes 12 properties that are medical outpatient buildings, having a total of 762,399 square feet (98% occupied), across seven top markets located predominantly on or adjacent to leading hospital campuses.
As per the terms, Healthcare Realty will contribute 12 of its existing properties to seed the JV at a value of $382.5 million, representing a cap rate ...