KKR Real Estate Finance Trust Inc

KKR Real Estate Finance Trust Inc. (NYSE: KREF) is a real estate investment trust that primarily originates and acquires transitional senior loans collateralized by institutional-quality commercial real estate assets owned and operated by experienced, well-capitalized sponsors in liquid markets with strong underlying fundamentals. The company's target assets also include mezzanine loans, preferred equity, and other debt-oriented instruments. As of Q2 2026, KREF maintains a $4.5 billion senior loan portfolio that is 100% senior loans, 98% floating rate, with 60% of exposure concentrated in multifamily and industrial properties. The company has 11% European loan exposure. KREF also holds real estate owned assets, CMBS investments, and equity method investments. The company is externally managed and advised by KKR Real Estate Finance Manager LLC, an indirect subsidiary of KKR & Co. Inc., a global alternative investment firm with $757.9 billion in assets under management. The Board of Directors has initiated a review of strategic alternatives that may include a sale of the company or its assets, a merger, or continuation of its business plan with modifications. Updated Jul 21, 2026