KKR completed the acquisition of Park 8Ninety from Artis REIT for $234m.

KKR, a global investment firm that manages multiple alternative asset classes, completed the acquisition of Park 8Ninety, a 12 building industrial logistics park in Houston, Texas, from Artis REIT, a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties, for $234m. "Park 8Ninety is a great addition to our national logistics portfolio and expands our footprint in Houston which continues to benefit from strong demand fundamentals and comparatively lower supply than many other markets in the United States. Park 8Ninety is a high-quality, well-designed, multi-tenant park with a diverse and staggered rent roll,” Ben Brudney, KKR Managing Director in the Real Estate group.