Top Private Equity Firm KKR $1.5 Billion Real Estate Select Trust Withdrawal Exceeded 5% for 2nd Straight Quarter with Requests to Sell 6.8% of Holdings, Annualized Distribution Rate of 4.27% to 5.11%
22nd April 2023 | Hong Kong
Top private equity firm $1.5 billion KKR Real Estate Select Trust (KREST) withdrawal requests had exceeded 5% for the 2nd straight quarter (2023 Q1 & Q2), with requests to sell 6.8% of holdings for 2023 Q2. KKR Real Estate Select Trust Inc. (“KREST”) is a continuously offered, registered closed-end fund that thematically invests in high quality, stabilized, income-oriented commercial real estate equity and debt. The fund is open to all investors with daily subscriptions. The annualized distribution rate for the fund (4 different share class) is between 4.27% to 5.11%. The fund is estimated to have assets around $1.5 billion (2023 Q1).
“ Top Private Equity Firm KKR Real Estate Select Trust Withdrawal Exceeded 5% for 2nd Straight Quarter with Requests to Sell 6.8% of Holdings, Annualized Distribution Rate of 4.27% to 5.11% “
Top Private Equity Firm KKR Real Estate Select Trust Withdrawal Exceeded 5% for 2nd Straight Quarter with Requests to Sell 6.8% of Holdings, Annualized Distribution Rate of 4.27% to 5.11%
KKR Real Estate Select Trust (KREST)
KKR Real Estate Select Trust Inc. (“KREST”) is a continuously offered, registered closed-end fund that thematically invests in high quality, stabilized, income-oriented commercial real estate equity and debt. The fund is open to all investors with daily subscriptions and its primary investment objective is to provide attractive current income, with a secondary objective of long-term capital appreciation. KREST is managed by KKR Registered Advisor LLC, an affiliate of KKR & Co. Inc., and utilizes the experience and each of KKR’s global real estate team and the resources available through the KKR platform.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries.
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