First KKR and then Nuveen add $1.4 billion in value to Healthcare Realty. Year-to-date, the real estate investment trust completed $800 million in joint venture and asset sale transactions, generating about $700 million in proceeds.
The value of the JV is now approaching $500 million. Healthcare Realty Trust Inc. and KKR are continuing to explore additional acquisitions for the JV, including the potential contribution of more Healthcare Realty properties.
HRT will contribute the assets to a new joint venture in two phases. The first phase, which should be completed in August, will see the contribution of eight current HRT properties valued at $193 million.
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