KKR Completes Acquisition of Leading Japanese Real Estate Asset Manager
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Thursday, April 28, 2022
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KKR & Co. Inc. (together with its subsidiaries, KKR) today announced the closing of the previously announced transaction whereby KKR purchased all the shares of Mitsubishi Corp.-UBS Realty Inc. (MC-UBSR), a leading Japanese real estate asset manager.
Key Points:
- KKR & Co. Inc. (together with its subsidiaries, KKR) today announced the closing of the previously announced transaction whereby KKR purchased all the shares of Mitsubishi Corp.-UBS Realty Inc. (MC-UBSR), a leading Japanese real estate asset manager.
- KKR has completed the acquisition of all of the outstanding shares of MC-UBSR from Mitsubishi Corporation and UBS Asset Management.
- Going forward, the asset manager, which was previously called MC-UBSR, will operate under the name KJR Management (KJRM), effective immediately.
- KJR Management (KJRM) is one of the largest real estate asset managers in Japan, with JPY1.7 trillion in assets under management.