KKR Real Estate Select Trust (KREST)

KKR Real Estate Select Trust ("KREST")

SYMBOL

KRSTX

NAV

$28.07

Annualized Distribution Rate1

5.56%

As of September 23, 2021.
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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 advantages2

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

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

(1) Reflects the annualized distribution amount divided by NAV per share. KREST intends to make distributions necessary to maintain its qualification 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 three months ending July 31, 2021 100% of KREST's distributions were funded through cash flow from operations. 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.

(2) 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.

News

KREST Industrial Strategy: McDonough, GA

KKR Real Estate Select Trust Inc. has acquired a 1.1 million square-foot, Class A industrial warehouse at Southern Gateway at Lambert Farms in Atlanta (McDonough), Georgia from PNK Group, an international real estate developer implementing full-cycle industrial projects. Completed in 2020, the warehouse is centrally located in Atlanta’s logistics corridor with convenient access to the airport, the Port of Savannah and downtown and midtown Atlanta. The state-of-the-art structure features 40-foot clear height and two 190-foot truck courts. The property is 100% triple net leased to two high-quality tenants, a leading publicly traded direct-to-consumer mattress company and a logistics and supply chain company, with a weighted average lease term of approximately 10 years.

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

Share Class Symbol NAV per share Annualized Distribution Rate1
Class I KRSTX $28.07 5.56%
Class U KRSOX $28.07 4.72%

As of September 23, 2021

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) Reflects the annualized distribution rate divided by the NAV per share. There is no assurance 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 limitation, the sale of assets, borrowings, return of capital, or offering proceeds.


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

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