$2.1 billion real estate assets acquired by KKR

27 Jun 2024 CW Team

For around $2.1 billion, the investment company KKR purchased a portfolio of 18 multifamily real estate assets from a closed end fund run by developer Quarterra Multifamily. 5,200 units from California, Washington, Florida, Texas, Georgia, North Carolina, Colorado, and New Jersey are included in the portfolio. The worldwide commercial real estate market, particularly the office sector, is now experiencing its worst downturn since the financial crisis of 2007?2009. Non-bank lenders, however, think that things could have improved and that they can make good profits if prices rise. After two years of disruption in the commercial real estate markets, Justin Pattner, head of KKR's real estate equity in the Americas, stated, "We think this is a great moment to invest in real estate." To manage the assets, KKR will collaborate with well-known multifamily real estate operators Carter-Haston, MG Properties, and Dalan Real Estate.

Infrastructure Energy

24 Sep 2025

Mahi-Banswara Nuclear Project Siting Transferred to ASHVINI

India’s nuclear regulator, the Atomic Energy Regulatory Board (AERB), has transferred the siting consent for the Mahi-Banswara Atomic Power Project from the Nuclear Power Corporation of India Limited (NPCIL) to Anushakti Vidyut Nigam (ASHVINI), a joint venture company developing the 2,800 MWe project.Prime Minister Narendra Modi is scheduled to lay the foundation stone for the Mahi-Banswara Rajasthan Atomic Power Project (MBRAPP) on 25 September. The project marks the entry of the National Thermal Power Corporation (NTPC) into India’s nuclear power sector.ASHVINI, a joint venture between N..

PM Modi Launches Rs 5.1 Billion Projects in Arunachal Pradesh

Prime Minister Narendra Modi today launched infrastructure projects worth over Rs 5.1 billion in Arunachal Pradesh, underscoring the state’s growing role in energy and regional development. He virtually laid the foundation stones for two major hydropower projects in Shi Yomi district, as well as a convention centre in Tawang. Additional projects worth over Rs 1.29 billion were rolled out across road connectivity, healthcare, and fire safety sectors.Addressing a public gathering at Indira Gandhi Park in Itanagar, PM Modi described Arunachal Pradesh as both the land of the rising sun and a cra..

Power Ministry Forms Committee to Standardise Smart Meter Training

The Ministry of Power is establishing a steering committee and a sub-working group of domain experts to standardise training modules and create standard operating procedures (SOPs) and guidelines for smart meter data analytics, adoption of standards-based regimes, and cybersecurity practices for distribution companies (DISCOMs).The National Data Analytics and Reporting Centre at the National Power Training Institute, Faridabad, will conduct training programmes for DISCOM officials and provide guidance on customising use case analytics. It will also offer a “Leadership and Strategic Managemen..