KKR is building its portfolio in the coastal and Sun Belt markets. The global investment firm acquired over 5,200 Class A units across 18 multifamily products from Quarterra Multifamily.
"This portfolio serves high-growth metropolitan areas across the country, where new supply will slow down significantly looking out beyond the next couple years," said Daniel Rudin, Managing Director, KKR, in a release.
The portfolio includes markets in California, Colorado, Florida and Texas, among other metros. Carter-Haston, MG Properties and Dalan Real Estate will operate the mix of mid- and high-rise buildings.