KKR's second value-add and opportunistic vehicle is “focused on all the housing themes,” global head of real estate Ralph Rosenberg told Bloomberg on Wednesday.

Spaces chose Houston because of its solid workforce and pro-business environment that stimulates the city's economic landscape, and strong infrastructure, which provides support to growing industries.

Throughout the sales process, the goal was to find a buyer who shared the same vision in developing a new building on the site, while concurrently keeping the integrity of the overall shopping center.

It isn't just retail that is getting a healthcare reboot. Leslie Meril writes about the pros and cons of other asset types in this EXCLUSIVE commentary for GlobeSt.com.