Healthcare Realty Trust Incorporated (NYSE:HR) announces it has contributed $118 million of additional properties to its joint venture with KKR, generating approximately $94 million of proceeds. The value of the JV is now approaching $500 million. The Company and KKR are continuing to explore additional acquisitions for the JV, including the potential contribution of more Healthcare Realty properties. “The expansion of our joint venture with KKR shows continued progress towards our goal of generating more than $1 billion of proceeds from asset sale and JV transactions,” stated Todd Meredith, President and CEO.
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Source: https://www.globenewswire.com/en/news-release/2024/08/26/2935817/0/en/Healthcare-Realty-Trust-Expands-KKR-Joint-Venture.html