Why it matters
The investment affects ownership of a major San Diego commercial real estate property. The report does not identify broader effects on U.S. markets, jobs or housing costs.
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Capital accounts advised by KKR invested $475 million for a 49% noncontrolling stake in Alexandria Real Estate Equities’ Campus Point investment entity, according to Connect CRE. The San Diego life-sciences campus covers nearly two million square feet.
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The investment affects ownership of a major San Diego commercial real estate property. The report does not identify broader effects on U.S. markets, jobs or housing costs.