(Bloomberg) -- KKR & Co. is the investor looking to buy real estate assets worth more than 1 billion euros ($1.2 billion) from Adler Group SA, according to people familiar with the matter, who asked not to be identified because it’s private. 

Adler said earlier on Tuesday it signed a deal with an alternative investment firm for the sale of about 14,300 units, mostly located in eastern Germany, to cut its leverage and bring its loan-to-value ratio to less than 50%, according to a statement. 

Representatives for KKR and Adler declined to comment on the identity of the buyer. 

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