Global investment firm KKR and Cornerstone Companies, a healthcare real estate investment, development and management firm, today announced they have entered into a joint venture to acquire and develop a portfolio of diversified healthcare properties across the United States. KKR and Cornerstone have seeded the portfolio with the recapitalization of 25 healthcare properties owned by Cornerstone. With funding commitments provided by KKR’s real estate and credit funds and Cornerstone, the venture is positioned to acquire more than $1 billion in real estate assets over the next few years. Read more.
KKR and Cornerstone Companies Establish Joint Venture to Invest in Healthcare Real Estate
