KKR: Cap Rates Aren't Moving in Real Estate

It's a really interesting comment coming from someone who, if you will, understands the global capital markets as well as you do and as well as KKR does. Because I do think that there are a number of people who are not as broad, not as wide as your platform is, who sit there and go, well, there's no way that yields can stay where they are given the pricing pressures that we've seen. And we need to kind of adjust our returns because it's a very different market today than it was just a year ago.

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