In late December, a lender assumed control of a four-building Philadelphia office portfolio, and discussions are underway for the potential sale of two of the properties. KKR Real Estate Finance Trust Inc. (NYSE: KREF), a subsidiary of New York-based alternative investment firm KKR, disclosed in its quarterly earnings filing with the Securities and Exchange Commission on Feb. 6 that it acquired ownership of a Philadelphia office property on Dec. 22 through a deed in lieu of foreclosure.

*Article courtesy of Business Journal

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