KKR and Healthcare Realty Trust formed a joint venture in a $383m deal.

KKR, a private equity fir, and Healthcare Realty Trust, a real estate investment trust, formed a joint venture, in a $383m deal. “Healthcare Realty is pleased to announce the formation of a strategic relationship with KKR, a leading global investment firm. We look forward to collaborating with KKR to strategically invest in the medical outpatient sector. In the near term, our capital allocation priority is to repurchase stock on a leverage neutral basis. Looking ahead, we may contribute additional Healthcare Realty properties to the JV or pursue acquisitions, depending on market conditions," Todd Meredith, Healthcare Realty President and CEO.