KKR has purchased two distribution centers in Texas for $171 million, as demand for online shopping continues to soar during the pandemic.

“As more consumers migrate to shopping online and expect a seamless delivery experience, the demand for modern logistics real estate in major markets continues to grow,” says Roger Morales, KKR partner and head of commercial real estate acquisitions in the Americas. “We are excited to help meet that demand by increasing our footprint in the Dallas and Houston markets with the addition of these two high-quality, stable assets.”

KKR now has about $14 billion in real estate assets as of Sept. 30.