03:52 PM EDT, 06/25/2024 (MT Newswires) -- KKR (KKR) completed the $2.1 billion acquisition of 18 new apartment buildings across the US with over 5,200 apartment units, the Wall Street Journal reported Tuesday.

Lennar's ( LEN ) apartment development business Quarterra sold the portfolio to KKR. Lennar ( LEN ) plans to sell more buildings from its portfolio to different buyers, according to the report.

Neither KKR nor Quarterra immediately responded to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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