The KKR team has been busy expanding its Dallas operations. 2023
After entering the Texas market a year ago, a New York corporation plans to treble its Texas workforce.
A New York-based real estate titan is increasing its presence in Dallas.
According to the Dallas Morning News, KKR aims to expand its Dallas office space and perhaps quadruple its workforce in the city.
The investment business opened a real estate credit office in Dallas only a year ago, and it presently occupies 10,000 square feet with 29 workers in the Sterling Plaza office tower.
Lindsey Wright of KKR stated that the company’s expanded presence in North Texas was a result of the city’s talent pool and its numerous investments in the region.
The credit office for KKR’s real estate credit division focuses in investment property debt servicing, loan asset management, and asset control.
According to Wright, the business has gathered over $2 billion in assets in the Dallas-Fort Worth area and financed $2 billion in real estate loans.
It began construction on the five-building, 980,000-square-foot Urban District 30 industrial park in Mesquite, a Dallas suburb, in 2021. Since 2020, KKR has also bought a 1 million-square-foot, $41 million Amazon distribution center and a 19-story, 310-unit residential complex, according to the source.
Chris Lee of KKR told the publication, “We feel very strongly about the investment opportunities in the DFW area and will continue to be significant players in the market there.”
A New York-based real estate titan is increasing its presence in Dallas.
According to the Dallas Morning News, KKR aims to expand its Dallas office space and perhaps quadruple its workforce in the city.
The investment business opened a real estate credit office in Dallas only a year ago, and it presently occupies 10,000 square feet with 29 workers in the Sterling Plaza office tower.
Lindsey Wright of KKR stated that the company’s expanded presence in North Texas was a result of the city’s talent pool and its numerous investments in the region.
The credit office for KKR’s real estate credit division focuses in investment property debt servicing, loan asset management, and asset control.
According to Wright, the business has gathered over $2 billion in assets in the Dallas-Fort Worth area and financed $2 billion in real estate loans.
Register to get the Texas Weekly Newsletter
Provide Your Email
SIGN UP
By registering, you agree to TheRealDeal’s Terms of Service and recognize our Privacy Policy’s data policies.
It began construction on the five-building, 980,000-square-foot Urban District 30 industrial park in Mesquite, a Dallas suburb, in 2021. Since 2020, KKR has also bought a 1 million-square-foot, $41 million Amazon distribution center and a 19-story, 310-unit residential complex, according to the source.
Chris Lee of KKR told the publication, “We feel very strongly about the investment opportunities in the DFW area and will continue to be significant players in the market there.”
KKR is one of the several real estate firms seeking to grow operations in Dallas. This year, the Los Angeles-based Agency launched a new office in the Preston Commons business district in Dallas. Newmark, located in New York, also created an office in Dallas in 2022 after acquiring Open Realty Advisors and Open Realty Properties.