Affiliates and clients of Kohlberg Kravis Roberts, including KKR Financial Holdings, along with co-investors Pfeffer Capital and CP Realty, have acquired 164 acres of land in Willison, North Dakota, to develop a residential community with 330 apartments. Financial terms of the transaction were not disclosed.
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LONDON (Reuters) – Blackstone Group LP (BX.N: Quote, Profile, Research, Stock Buzz) and Kohlberg Kravis Roberts & Co KKR.UL are each looking to buy parts of Lehman’s real estate and asset management units, sources familiar with the situation said on Friday. The real estate unit, which includes property and some asset-backed securities, could be worth [...]