19% p.a.
binanceservices-ethusdt
Introduction to our strategy no description yet Quick Summary Metric Value Return % p.a. 19 Days active 418 …
tickers: EVR
source: Benzinga
tickers affected by this
| ticker | polarity | why? |
|---|---|---|
| EVR | positively | The acquisition of Park 8Ninety by KKR & Co. Inc. is expected to have a positive impact on the company’s growth trajectory, and by extension, its stock performance (EVR). This significant expansion into the industrial real estate market, with its modern facilities and strategic location, positions KKR favorably in the logistics sector, potentially driving up the stock price. |
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summary
# KKR & Co. Inc. Seals Deal for Houston's Industrial Park
In a significant expansion of its real estate portfolio, KKR & Co. Inc. has completed the acquisition of Park 8Ninety, a sprawling industrial logistics park in Houston, Texas. The deal, valued at approximately $234 million, transfers ownership of the 12-building complex from Artis Real Estate Investment Trust to KKR.
## Strategic Location and Modern Facilities
Park 8Ninety boasts 1.8 million square feet of Class A industrial space. The park's modern logistics buildings, with ceiling heights ranging from 24 to 36 feet, are designed to meet the diverse needs of tenants. Its strategic location offers direct access to Beltway 8 and major interstates, positioning it as a key player in the logistics sector.
## Positive Market Reaction
The acquisition has been met with a positive response from the market, as KKR shares saw an uptick in trading following the announcement. This move underscores KKR's commitment to investing in high-quality industrial properties and is expected to contribute positively to the company's growth trajectory.
