KKR announced the acquisition of The District at Scottsdale, a 332-unit Class A residential building. Constructed in 2019, The District in Scottsdale is located in the heart of Scottsdale’s premier lifestyle hub, directly adjacent to the dining, shopping and entertainment options of Scottsdale Quarter and Kierland Commons. RPM Living will continue to manage the property. The purchase grows KKR’s residential real estate footprint in the Phoenix metropolitan area to more than 2,600 units and approximately $650 million of value. Including The District at Scottsdale, KKR has acquired approximately $1.2 billion of Class A apartments for its core plus real estate strategy over the last 10 months with a focus on dynamic, high-growth markets across the United States.