KKR Real Estate Select Trust (KREST)

About KKR Real Estate Select Trust (KREST)

KKR Real Estate Select Trust (KREST) is a real estate operator headquartered in New York, NY. KKR Real Estate Select Trust (KREST) operates in Atlanta, Georgia, Charleston, South Carolina and Charlotte, North Carolina. Its investment focus is on Industrial, Logistics and Medical Office & Healthcare.

KKR Real Estate Select Trust (KREST) is a non-diversified, closed-end 1940 Act real estate investment trust that began operations with its Class I share launch on July 2, 2020. The fund holds approximately $1.3 billion in net asset value (NAV), backed by total assets of the same amount and a gross property value of roughly $3.1 billion as of December 31, 2024. It comprises about 81 individual properties, with an occupancy rate near 98 percent. KREST’s investment strategy is centered on three core areas: stabilized commercial real estate, prime single-tenant properties, and real estate debt. These include multifamily and industrial assets, long-term leased single-tenant holdings, and real estate loans, preferred equity, and CMBS for enhanced yield.

Principals at KKR Real Estate Select Trust (KREST)