We take a thematic approach to real estate investing. By leveraging the information made available to us from business units across the firm, subject to legal or regulatory considerations, we identify industry and demographic trends to invest behind. We invest in both assets and platforms. And given the flexibility of our capital, we have grown into a global provider of equity and debt capital across real estate investment strategies.
Value Add & Opportunistic Equity
Primary Mandate: To create outsized returns by leveraging KKR's differentiated insights, relationships, and execution capabilities.
KKR Real Estate Partners Americas LP ("REPA")
REPA targets value add and opportunistic Real Estate investments primarily in the U.S. The fund closed in 2013 and, together with commitments from KKR personnel and KKR Financial Holdings LLC, brought over $1.5 billion of committed capital for the strategy.
KKR Real Estate Partners Europe L.P. ("REPE")
REPE targets value add & opportunistic Real Estate investments in Western Europe. The fund closed in 2016 with $739 million of committed capital.
KKR Real Estate Partners Americas II ("REPA II")
REPA II targets value add and opportunistic Real Estate investments primarily in the U.S. The fund closed in 2017 with $2.0 billion including $261 million from KKR's balance sheet and employees.
Primary Mandate: To invest in performing commercial real estate debt throughout the U.S.
KKR Real Estate Finance Trust Inc. (NYSE: KREF)
KREF is an externally managed REIT that focuses on originating senior commercial mortgage loans.
KKR Real Estate Credit Opportunity Partners (“RECOP”)
RECOP seeks to purchase junior tranches of commercial mortgage-backed securities (CMBS) in compliance with risk retention rules. The fund closed in 2017 with $1.1 billion.
KKR Real Estate Credit Opportunity Partners II (“RECOP II”)
RECOP II seeks to purchase junior tranches of commercial mortgage-backed securities (CMBS) in compliance with risk retention rules, as well as other Conduit and SASB CMBS as well as CRE CLOs. The fund closed in 2020 with $950 million in capital commitments.