KREF Liquidity and Portfolio Overview
KREF Loan Portfolio by the Numbers
Total Portfolio Growth
Investment Type(2)
($ in Millions)
$5,826
$5,221
$5,035
$7,726
$7,870
3Q'19
3Q'20
3Q'21
3Q'22
3Q'23
17%
Other <5%: 23%
Geography(1)
Senior
Loans
100%
Interest Rate Type
Fixed
1%
Property Type
(4)
Hospitality
5%
Other
6%
Life Science (3)
9%
Industrial
14%
Multifamily
41%
6%
.11%
5%
Office
25%
6% Washington, D.C.
Office (5)
7%
Class-B
6%
15%
10%
Floating
99%
Multifamily
LEED
Class-B
25%
85%
Class-A
94%
Class-A
75%
Note:
The charts above are based on total assets. Total assets reflect the principal amount of our loan portfolio
(1)
Map excludes one real estate owned asset with a net carrying value of $82 million
(2)
Senior loans include senior mortgages and similar credit quality loans, including related contiguous junior participations in senior loans where KREF has financed a loan with structural leverage through the non-
recourse sale of a corresponding first mortgage
(3)
KREF classifies a loan as life science if more than 50% of the gross leasable area is leased to, or will be converted to, life science-related space
(4)
"Other" property types include: 2% Condo (Residential), 2% Student Housing, 1% Single Family Rental and 1% Self-Storage
(5)
Office property certification % is based on current principal loan balance; see description for LEED certification in the Appendix
KREF
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