KKR completed the acquisition of a portfolio of 18 multifamily assets from Quarterra for $2.1bn.

KKR, a private equity firm, completed the acquisition of a portfolio of 18 multifamily assets from Quarterra, a management, development, construction, and investment company that provides rental services, for $2.1bn. "Quarterra is known for their high-quality assets and we are thrilled to be working with them on this transaction. We like the fundamentals in this sector. This portfolio serves high-growth metropolitan areas across the country, where new supply will slow down significantly looking out beyond the next couple years. We are excited to invest in this portfolio,” Daniel Rudin, KKR Managing Director.