SAN FRANCISCO, April 19, 2012 /PRNewswire/ -- KKR Financial Holdings LLC (NYSE: KFN) (the "Company") today announced an investment of approximately $38 million in Yorktown Center ("Yorktown" or "the Center"), a major shopping and entertainment center in the Chicago area.
Located approximately 20 miles west of downtown Chicago, Yorktown is a 1.5 million square foot super-regional mall with over 150 stores sitting on 130 acres. With over $280 million in annual revenues, the Center has many recognized national retailers, including The Capital Grille Restaurant, Victoria's Secret, American Eagle Outfitters, Gap, AMC Theaters, Forever 21 and department store chains JC Penney, Carson Pirie Scott, and Von Maur.
Yorktown has been under private ownership since it opened in 1968. The Center serves an affluent audience of more than 900,000 residents with an average household income of nearly $109,000; more than 10 million shoppers visit the center every year.About KKR Financial Holdings LLC KKR Financial Holdings LLC (NYSE: KFN) is a specialty finance company with expertise in a range of asset classes. KFN's core business strategy is to leverage the proprietary resources of its manager with the objective of generating both current income and capital appreciation. KFN executes its core business strategy through its majority-owned subsidiaries. KFN is externally managed by KKR Financial Advisors LLC, a wholly-owned subsidiary of KKR Asset Management LLC, which is a wholly-owned subsidiary of Kohlberg Kravis Roberts & Co. L.P. Additional information regarding KKR Financial Holdings LLC is available at http://www.kkr.com.
Media ContactKristi Huller Kristi.firstname.lastname@example.org 212-230-9722 SOURCE KKR Financial Holdings LLC
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV