KKR enters bidding for The PRS REIT

The PRS REIT has confirmed that U.S. private equity firm KKR is involved in its formal sales process. However, KKR has not yet made an official offer, and there's no guarantee it will.

Residential - The PRS REIT

This statement from The PRS REIT follows recent rumors about its strategic review and sale process. Additionally, the potential offer from property investor Long Harbour, announced on June 11, 2025, is still on the table, pending financing and due diligence.
Due to a special dispensation from the Takeover Panel granted on October 23, 2024, KKR and Long Harbour are not bound by the usual 28-day deadline to make a firm offer, as long as they are participating in the sale process. The PRS REIT expects to issue further updates soon.
The PRS REIT is a real estate investment trust that focuses on the private rental sector. The company has invested over £1 bn (€1.1 bn) in a collection of high-quality rental homes across various regions. It has raised £0.56 bn (€0.64 bn) through its initial public offering in May 2017 and additional fundraising in February 2018 and September 2021. Homes England, a UK government agency, has also supported the company with direct investments.
As of March 31, 2025, the company owns 5,443 new rental homes, making it, what they believe to be, the largest portfolio of build-to-rent (BTR) single-family homes in the UK.