KKR targets secondary markets for its higher yield

03/29/2013 | Wall Street Journal, The

KKR is increasingly looking for yield in smaller markets. This strategy can be seen in such investments as its $132 million acquisition of Legends Outlets Kansas City. "Secondary markets with excellent fundamentals, including 'in check' supply, create compelling investments," says Ralph Rosenberg, global head of real estate for KKR.

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Wall Street Journal, The

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