KKR, a global investment firm, has formed Strategic Lease Partners, a platform to invest in a diversified portfolio of triple-net lease real estate. Net lease investors Andrés Dallal and Joseph Mastrocola will join SLP as partners, working with KKR’s real estate, credit and capital markets teams to acquire NNN properties and deliver sale-leaseback services to corporate tenants.
“We believe there is an attractive opportunity to acquire NNN assets and be a real estate partner of choice for companies in need of comprehensive, creative net lease solutions,” said Billy Butcher and Jenny Box, partners at KKR. “By leveraging KKR’s broad-based real estate, credit and capital markets capabilities and resources – and the deep connectivity between them – SLP can be a differentiated partner for corporate tenants. We look forward to partnering with Andrés and Joe, two accomplished investors with deep relationships and great experience sourcing and evaluating net lease opportunities, to build-out SLP.”
Prior to joining SLP, Dallal and Mastrocola were executive directors at W.P. Carey, where they were responsible for sourcing, evaluating, negotiating and structuring net lease investments in North America.
“We are delighted to join the KKR team in this new venture and to grow SLP as a trusted partner to corporations as an owner of their properties under long-term leases,” said Dallal and Mastrocola. “We believe that with KKR’s resources and collaborative culture across strategies, SLP is uniquely positioned to understand the perspective of a corporate tenant and act decisively to provide a reliable solution to corporations across the credit spectrum.”