KKR, Realty Income form euro-denominated joint venture with €528 million investment for 49% stake

Reuters2026/09/14 12:34

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Realty Income formed a euro-denominated joint venture with KKR, extending Realty Income’s private capital strategy into Europe.
KKR will invest EUR 528 million for a 49% equity stake in a stabilized European net-lease portfolio contributed by Realty Income.
Realty Income will retain 51% ownership, manage the assets under a long-term agreement, control day-to-day asset management.
Portfolio contribution implied a 5.9% initial cap rate post recurring management fees; expected year-one cash NOI EUR 67.7 million.
Closing targeted for Sept. 30, 2026; Realty Income holds a call option from year 10 to 17 with capped IRR at 6.3%-6.5%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. KKR & Co. Inc. published the original content used to generate this news brief on September 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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KKR, Realty Income form euro-denominated joint venture with €528 million investment for 49% stake

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