KKR Real Estate Select Trust (KREST)

KKR Real Estate Select Trust ("KREST")





Annualized Distribution Rate2


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High Quality, Income-Generating Real Estate Exposure

Income-Oriented Commercial Real Estate Exposure

Thematically invests in high-quality, stabilized, income-oriented commercial real estate equity and debt primarily in top US markets, with the optionality to extend exposures globally into developed Asia and Europe

Integrated Real Estate Platform

Integrated KKR Real Estate platform offers proprietary access to information across asset classes, sectors, and geographies, creating sourcing and underwriting advantages3

Balanced Portfolio Construction

Differentiated portfolio constructed to generate a balance of defensive income and growth via stabilized real estate, prime single tenant real estate, and real estate debt

No Legacy Portfolio Exposures

Takes advantage of post-COVID launch timing; no legacy portfolio exposures to hotels/casinos/retail or other troubled investments to manage


KREST Industrial Strategy

KKR Real Estate Select Trust Inc. has completed the purchases of two state-of-the-art industrial distribution properties, growing the Fund’s logistics real estate portfolio to approximately six million square feet (SF) across the United States and South Korea. The latest additions to KREST’s portfolio include a newly constructed, one million SF, cross-dock industrial warehouse located in Charleston and a three-building, 2020-vintage industrial park totaling approximately 923,000 SF in Chicago.

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Learn more about KKR’s real estate expertise and KREST’s investment strategy

Share Class Symbol NAV per share1 Annualized Distribution Rate2
Class I KRSTX $29.75 5.18%
Class U KRSOX $29.75 4.35%

There can be no assurance that KREST will achieve its investment objective or avoid losses.

Shares of the Fund are available for purchase on a daily basis. A purchase order received by the Fund or its designee prior to the close of the NYSE, on a day the Fund is open for business, will be effected at that day’s NAV. An order received after the close of the NYSE will be effected at the NAV determined on the next business day.

(1) As of January 24, 2022

(2) Reflects the annualized distribution rate divided by the NAV per share as of December 31, 2021. KREST intends to make distributions necessary to maintain its qualifications as a real estate investment trust. However, there is no assurance that we will pay distributions in any particular amount, if at all. Any distributions we make will be at the discretion of our board of directors. KREST may pay distributions from sources other than cash flow from operations, including without limitations, the sale of assets, borrowings, return of capital or offering proceeds. For the six months ending October 31, 2021, 100% of KREST's distributions were funded through earnings. This statement is not an indication of the tax treatment of any KREST distributions. Stockholders will be informed of the tax characteristics of any distributions after the close of KREST's fiscal year.

(3) Participation of KKR Credit, KKR Capital Markets, and KKR Capstone personnel in the private markets investment process is subject to applicable law and inside information barrier policies and procedures, which may limit the involvement of such personnel in certain circumstances and the Adviser’s ability to leverage such integration with KKR. Discussions with senior advisors and employees of the KKR’s managed portfolio companies are also subject to the inside information barrier policies and procedures, which may restrict or limit discussions and/or collaborations with. See “Conflicts of Interest” in the prospectus for further information on KKR’s information barrier policies and procedures.

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If you are interested in investing in KREST, please contact your financial advisor.

If you are a Financial Professional interested in offering KREST to your clients, please contact us below.

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