**Summary**
PRS REIT plc issued a statement on September 8, 2025, regarding a possible offer for the company, following recent press speculation about its ongoing Strategic Review and Formal Sale Process. The statement confirms that Kohlberg Kravis Roberts & Co. L.P. (KKR) is participating in the process as an adviser to its affiliated investment funds, but no offer has been made by KKR, and there is no certainty that one will be made or what its terms might be. Additionally, Long Harbour has not withdrawn its possible offer announced on June 11, 2025, which remains subject to financing and due diligence. The Takeover Panel has granted a dispensation from the 28-day deadline under Rule 2.6(a) of the Takeover Code for participants in the Formal Sale Process. PRS REIT emphasized that this statement was made without the consent of Long Harbour or KKR. The company, a FTSE 250-listed real estate investment trust focused on the Private Rented Sector, manages a portfolio of 5,443 rental homes as of March 31, 2025, making it the largest build-to-rent single-family rental portfolio in the UK. Further announcements will be made as the process progresses.