KKR Looking For Opportunistic Multi-family Investments In The Sunbelt

KKR's Ralph Rosenberg is bullish on housing investments in the U.S. Sunbelt markets. Talking about themes, Rosenberg said that KKR sees great opportunities in all housing sub-sectors from student to senior accommodations. He added that the South's lower taxes and great weather will be strong magnets spurring great migration to these states.

Rosenberg also spoke about the "barebell" effect of U.S. demographics with a million people turning 18 every year while boomers enter their post-work retirement stage often looking to downsize and move South, usually renting in the cities they move to at senior dedicated communities.

Rosenberg's comment came in wake of KKR's closing of its latest fund REPA II worth about $2 billion including $230 million from KKR and its employees.

A full account of Rosenberg's talk can be found here.