“It’s almost like my third child,” Lowe said. Lowe was one of the top executives in RED Development LLC starting in 1995 before he split off last year to run newly formed RED Legacy, a development firm in Kansas City.
Lowe still has shares with RED Development, which had developed Legends Outlets and retained a 5 percent ownership stake in the property after it sold to Morgan Stanley.
KKR Real Estate is the real estate arm of KKR & Co. LP, a New York-based private equity firm.Lowe, whose RED Legacy firm will be operating partner for Legends Outlets, teamed up with KKR not long after the property went into foreclosure last year.
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