$475 Million Joint Venture for San Diego University City Life Science Campus: KKR Buys 49% Stake in Campus Point on October 28
San Diego, San Diego County, California: KKR announced on October 28, 2026, that capital accounts it advises invested $475 million in Alexandria Real Estate Equities' Campus Point investment entity, acquiring a 49% noncontrolling equity interest representing an indirect ownership stake of approximately 28.5% in the underlying joint venture. Campus Point is a nearly 2 million-square-foot life science campus in San Diego's University Town Center submarket, adjacent to the University of California San Diego, the Salk Institute and Scripps Research. Alexandria will continue to manage the property's operations and development, keeping operational control. Long-term leases generate approximately 98% of the campus rental revenue, with tenants including Novartis, Bristol Myers Squibb, Eli Lilly, Leidos and UC San Diego. Eastdil Secured Savills served as financial advisor to Alexandria Real Estate, Proskauer acted as its legal advisor, and Gibson Dunn provided legal counsel to KKR.
Source: GSM · USA (original Chinese edition)
Photo: 资料图：圣迭戈县建筑（固定图库 counties 包），非 Campus Point 本体
