Kayne Anderson Real Estate Raises $2.75 Billion for Opportunistic Equity, Firm's Largest Ever Closed End Fund

Leading Investor and Operator of Medical Office, Seniors Housing and Student Housing Assets Significantly Oversubscribed for Sixth Opportunistic Equity Fund

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Kayne Anderson Real Estate

Nov 16, 2021, 08:30 ET

BOCA RATON, Fla., Nov. 16, 2021 /PRNewswire/ -- Kayne Anderson Real Estate ("KA Real Estate"), the real estate private equity arm of Kayne Anderson Capital Advisors, L.P., today announced that it has closed its sixth opportunistic equity fund, Kayne Anderson Real Estate Partners VI, L.P. ("KAREP VI"), with $2.75 billion in capital commitments, significantly above the fund's original $2 billion target. The substantially oversubscribed fund, which is the largest raised by Kayne Anderson Capital Advisors to date, received strong support from existing investors as well as significant interest from a diverse base of new investors.

Building on KA Real Estate's unmatched track record in targeted real estate asset classes, KAREP VI will invest in high-quality medical office, seniors housing and student housing assets that require and benefit from specialized operational knowledge and expertise. The combination of an aging U.S. population and accelerating enrollments indicate strong growth characteristics across each asset class, and KA Real Estate's operator-oriented platform, unique sourcing network and strong financing and lending relationships will allow the firm to deploy capital and build on its portfolio of high-quality assets while creating consistent value for investors.

KA Real Estate will also continue to work closely with its long-term partners to meet their sector-specific real estate needs as these sectors evolve. Currently, the firm is working closely with a number of industry-leading companies and developers to provide state-of-the-art medical facilities to support demand for sophisticated new services, innovative amenity-rich student housing communities and wellness-focused senior living spaces that prioritize tenant, resident and community experience.

"Our history of success investing in medical, seniors and student assets reflects the deep experience, talent and creativity of our investment team and the myriad of long-term relationships we have developed with the most sophisticated and innovative partners in the alternative real estate space," said Al Rabil, Chief Executive Officer, Kayne Anderson Capital Advisors and Co-Founder and CEO, Kayne Anderson Real Estate. "We are extremely pleased to have closed our largest opportunistic equity fund to date, and the tremendous support from new and existing investors alike is a testament to our long-term investment strategy, continued outperformance and commitment to the core alternative sectors where we have outsized knowledge and operational expertise."

With the closing of KAREP VI, KA Real Estate has completed over $23 billion of gross investments across its equity and debt strategies, and has invested in approximately 25 million square feet of medical office space, 17,400 seniors housing units, 50,000 student housing beds, and over 9,000 loans secured by assets across these target sectors, including two million multifamily units.

About Kayne Anderson Real Estate Advisors

Kayne Anderson Real Estate ("KA Real Estate") is a leading real estate private equity investor in medical office, seniors housing, off-campus student housing, multifamily housing and self-storage. KA Real Estate manages over $13.2 billion of real estate AUM (as of 9/30/21) across opportunistic equity, core equity and real estate debt. KA Real Estate is part of Kayne Anderson Capital Advisors, L.P., a $30.3 billion alternative investment management firm (AUM as of 9/30/21) with more than 37 years of successful experience in the real estate, renewable and energy infrastructure, energy, credit, and growth capital sectors. For more information, visit https://kaynecapital.com/real-estate/.

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Jon Keehner / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
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SOURCE Kayne Anderson Real Estate