Posted under Venture Capital
from http://www.pehub.com 1734 days ago

Affiliates and clients of Kohlberg Kravis Roberts, including KKR Financial Holdings, along with co-investors Pfeffer Capital and CP Realty, have acquired 164 acres of land in Willison, North Dakota, to develop a residential community with 330 apartments. Financial terms of the transaction were not disclosed.

PRESS RELEASE:

WILLISTON, N.D.–(BUSINESS WIRE)– Answering the call to build permanent housing in one of the fastest-growing cities in the United States, the City of Williston today announced that affiliates and clients of Kohlberg Kravis Roberts & Co (“KKR”) including KKR Financial Holdings LLC (“KFN”), along with co-investors Pfeffer Capital and CP Realty, have acquired land to develop a high quality, permanent residential community in Williston, North Dakota. Financial terms of the transaction were not disclosed.

“Williston is one of the fastest growing cities in America and we are dedicated to building a long-term sustainable community. We are thrilled to work with new partners ...

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