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KKR, Realty Income Form Joint Venture to Own Properties in Europe

Provided by Dow Jones Sep 14, 2026, 12:02:00 PM

By Kelly Cloonan

KKR and Realty Income are teaming up to form a joint venture that would own a portfolio of the real-estate investment trust's existing net lease real estate assets in Europe.

Capital accounts advised by KKR plan to initially invest 528 million euros (about $609.7 million) to acquire a 49% equity interest in the joint venture, with Realty Income retaining a 51% ownership interest and continuing to manage the portfolio, the companies said Monday.

The assets include 54 properties in Spain, Ireland, Poland and the Netherlands, spanning a mix of industries and tenants.

The companies expect the deal to close on Sept. 30.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

September 14, 2026 08:02 ET (12:02 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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