KKR has launched KKR Real Estate Select Trust Inc. (KREST), a continuously offered, registered closed-end fund. KREST intends to invest primarily in thematically driven, income-generating commercial real estate, prime single-tenant real estate, and private real estate debt and preferred equity interests in the United States, with a flexible mandate to invest globally, including developed markets in Europe and Asia.
“We are excited to offer individual investors access to income-producing private real estate investments with a new strategy and structure,” said Ralph Rosenberg, chairman of KREST and global head of KKR real estate. “KREST delivers KKR’s differentiated global real estate capabilities across equity and debt investing in an attractive package, expanding the reach of our franchise with dedicated capital to pursue yielding stabilized real estate assets and mezzanine loans.”
Since the launch of its dedicated real estate platform in 2011, KKR has grown
