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2025 The ApartmentBuildings.com 100
Transactions of the Year
- AION, Goldman Sachs Enter into a $700-Million Recapitalization Partnership
- Blackstone Buys Apartment Income REIT for $10 Billion
- Brookfield Pays $1.55 Billion for a 7,300-Unit Sunbelt Portfolio
- KKR Acquires 5,200-Unit Portfolio from Quarterra Multifamily, Pays $2.1 Billion
- Oak Row and Mariposa Join Forces, Acquire FL Land for $520 Million
KKR Acquires 5,200-Unit Portfolio from Quarterra Multifamily, Pays $2.1 Billion
Investment firm KKR paid $2.1 billion to acquire an 18-property, 5,200-unit apartment portfolio from a Quarterra Multifamily close-ended fund.
These Class A multifamily properties are in coastal and Sunbelt markets, including California, Colorado, Florida, Georgia, New Jersey, North Carolina, Texas and Washington. The collection consists of high-quality mid-rise and high-rise buildings offering convenient access to urban and metro areas, modern amenities and excellent energy, water and waste efficiency.
KKR’s investor was supported through KKR-advised capital accounts. The buyer partnered with multifamily operators Carter-Haston, MG Properties and Dalan Real Estate to operate these assets.
Gibson Dunn & Crutcher advised KKR on the transaction, while Troutman Pepper Hamilton Sanders and Jones Lang LaSalle advised Quarterra.