KKR Real Estate Select Trust Inc.

Overview

KKR Real Estate Select Trust Inc. (KREST) is a non-diversified, closed-end management investment company that focuses on real estate assets, encompassing both direct property investments and debt interests. The fund primarily targets income-generating commercial real estate, prime single-tenant properties, and private real estate debt and preferred equity interests, with a flexible mandate to invest globally, including developed markets in Europe and Asia. As of April 30, 2026, KREST's portfolio comprises 87 properties, with a 98% lease rate. The fund's investment strategy is thematically driven, allocating at least 80% of its net assets to three primary areas: stabilized, income-generating commercial real estate; prime single-tenant real estate; and private real estate debt and preferred equity interests. To provide liquidity for share repurchases, KREST also invests up to 20% of its net assets in securities and cash. The fund is open to all investors, offering daily subscriptions via a ticker, and is managed by KKR Registered Advisor LLC, an affiliate of KKR & Co. Inc. KREST's portfolio is diversified across various property sectors, including industrial, residential, real estate credit, prime single tenant, and medical office spaces. Geographically, the fund's investments are spread across the Western, Southern, and Eastern regions of the United States, as well as Europe and Asia. This diversified approach aims to balance defensive income and growth, targeting primarily the real estate industry. The fund's management fee is 1.25% of the average daily value of the net assets, payable monthly in arrears, with an incentive fee of 12.50% of the fund's portfolio operating income, payable quarterly. The fund's legal address is c/o Corporate Creations Network Inc, 2405 York Road Suite 201-C, Lutherville-Timonium, MD 21093, United States, and its headquarters is located at 30 Hudson Yards, New York, NY 10001, United States.

Investment Focus

• Accredited investors