OVERVIEW

FOUNDED IN 1976, KKR IS A LEADING ALTERNATIVE ASSET MANAGEMENT PLATFORM WITH OVER $491 BILLION IN AUM

About KKR Real Estate

$63 BN1

AUM IN REAL ESTATE STRATEGIES GLOBALLY

165+

INVESTMENT & ASSET MANAGEMENT PROFESSIONALS GLOBALLY

KKR Global Real Estate Footprint

Industrial

99 MILLION SF

490+ PROPERTIES

Rental Housing

56,100+ UNITS

1,100+ PROPERTIES

Hospitality

10,800+ KEYS

70+ PROPERTIES

Niche Housing

20,600+ BEDS

100+ PROPERTIES

Office In Innovation Markets2

13 MILLION SF

65+ PROPERTIES

Other3

19 MILLION SF

140+ PROPERTIES

As of June 30, 2022, unless otherwise noted. For illustrative purposes only, subject to change. Represents exposure in KREST and other KKR-sponsored real estate funds since inception. The investments made by KREST may differ from those reflected above by breadth of geography, sector, asset type, and deal type. Any transactions that have not closed are subject to customary closing conditions and there is no guarantee that such transactions will be consummated, and if consummated, will be consummated on the terms and prices currently anticipated by KKR.

(1) Figures represent AUM across all KKR real estate transactions since 2011; strategies include Real Estate Partners Americas, Real Estate Partners Europe, Asia Real Estate Partners, Property Partners Americas, Property Partners Europe, Asia Property Partners, KKR Real Estate Select Trust, KJR Management, Real Estate Credit, Global Atlantic assets, Real Estate NBFC, Private Equity funds, Special Situations, trophy single tenant investments in KKR Credit accounts, and Balance Sheet investments.

(2) Innovation Markets are those that are experiencing above trend secular growth trends driven by industry and demographic tailwinds.

(3) Other properties include Self-Storage, Mixed-Use, Retail, and Net Lease Properties.

KKR Real Estate is a global solutions provider of equity and debt capital across real estate investment strategies.

ONE FIRM APPROACH


KKR’s integrated Real Estate Credit and Equity teams provide for collaboration and information sharing across geographical markets and assets

KKR Real Estate Credit partners closely with Private Equity and Corporate Credit to underwrite property tenants at a granular level

KREST can benefit from KKR’s deep knowledge of industry trends, enhanced credit underwriting, creative financing solutions, and analysis of macro and demographic trends1

STRONG ALIGNMENT WITH OUR INVESTORS


The KKR Balance Sheet has committed at least $150 million to KREST, allowing the strategy to launch with a portfolio of income producing seed assets

KREST’s fee structure, in which fees to KKR may be paid in shares and incentive fees are changed on income only, further aligns KKR with our clients’ interests

(1) 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.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, credit and real assets, with strategic partners that manage hedge funds.

KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies.

KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business.

As of June 30, 2022


ASSETS UNDER MANAGEMENT

$491 BN

INTERNAL BALANCE SHEET

$25 BN

INVESTMENT PROFESSIONALS

~670

FOUNDED

1976

$63 BN1
AUM
KKR Real Estate
165+ investment professionals2
$178 BN
AUM
KKR Credit
~180 investment professionals
$224 BN
AUM
Private Equity & Real Assets
360+ investment professionals
$27 BN
AUM
KKR Strategic Partnerships
 
KKR BALANCE SHEET
$25 BN
FOUNDED 1976
ASSETS UNDER MANAGEMENT
$491 BN
INVESTMENT PROFESSIONALS
~670

Note: All figures are as of June 30, 2022 unless otherwise noted.

(1) Figures represent AUM across all KKR real estate transactions since 2011; strategies include Real Estate Partners Americas, Real Estate Partners Europe, Asia Real Estate Partners, Property Partners Americas, Property Partners Europe, Asia Property Partners, KKR Real Estate Select Trust, KJR Management, Real Estate Credit, Global Atlantic assets, Real Estate NBFC, Private Equity funds, Special Situations, trophy single tenant investments in KKR Credit accounts, and Balance Sheet investments.

(2) As of August 2022. Includes investment and asset/portfolio management.