Post Brothers sells luxury Philadelphia high-rise community Presidential City to KKR and MREG for approximately $357M

Founded in 2006 by brothers Matthew and Michael Pestronk, Post Brothers is a vertically integrated residential real estate company creating innovative, upscale developments that promote culture, community, and well-being. Based in Philadelphia, Post Brothers actively invests in key metropolitan communities throughout the Northeast and has a current portfolio exceeding $1.6 billion plus a $1.3 billion owned development pipeline. The company has developed or acquired more than 30 properties, and upon completion of its current owned development pipeline will have developed over 7,000 apartment units. This includes the largest apartment community in the U.S. to be developed in 2022, Piazza Alta. Post Brothers has a proven track record of recognizing a property’s potential and delivering its vision with meticulous and keen attention to even the smallest details, from responsibly sourced building materials to quality, high-end finishes

Mack Real Estate Group, LLC (MREG), is an enterprise devoted to managing institutional, high net worth, and Mack Family capital by making debt and equity investments in real estate and real estate-related securities through several distinct business lines and legal entities. MREG currently specializes in domestic and international real estate investment, development and financing opportunities with a view toward long term performance and hands on management. The company and its affiliates bring together the expertise to recognize and analyze new real estate investment opportunities with the speed and flexibility necessary to execute on them. For more information, please visit http://mackregroup.com/.

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.