KKR Real Estate Finance Trust Investor Presentation Deck
KREF Office Loan Portfolio Overview
Just under half of the outstanding principal balance of KREF's Office segment is Risk-Rated 3
KREF Office Loan Portfolio
Location
Boston, MA
Mountain View, CA
Minneapolis, MN
Philadelphia, PA
Risk-Rated 5: Total / Weighted Average
Washington, D.C.
Bellevue, WA
Oakland, CA
Investment
Date
Plano, TX
Dallas, TX
Philadelphia, PA
Washington, D.C.
Dallas, TX
Jul-21
Nov-17
Nov-21
Apr-19 Acquisition
Feb-21
Washington, D.C.
Chicago, IL
Risk-Rated 4: Total / Weighted Average
Sep-21
Dec-19
Jul-19
Oct-20
Feb-20
Dec-21
Jun-18
Loan
Purpose
Acquisition
Jan-22
Jan-21
Refinance
Grand Total / Weighted Average
Refinance
Refinance
Recapitalization
Refinance
Construction
Acquisition
Refinance.
Refinance
Refinance
Refinance.
Acquisition
Risk-Rated 3: Total / Weighted Average
Current
Current
Commitment Principal Loan
($ Millions) ($ Millions)
per SF
$250.0
$200.2 $651
199.4
176.7
$626.1
187.7
187.5
175.5
150.0
$700.7
260.4
159.7
150.7
138.0
116.5
100.0
87.0
$1,012.3
$2,339.1
194.4
154.7
$549.3
174.6
187.5
161.9
118.4
$642.4
148.6
139.9
150.7
138.0
111.9
60.4
87.0
$836.4
$2,028.1
182
216
489
506
792
114
855
430
208
439
114
221
294
Max Term
(Years)
3.1
2.0
0.1
1.9
3.4
2.6
1.5
1.1
2.3
3.8
2.4
1.6
3.4
3.6
4.6
2.6
3.0
2.5
Oakland, CA
Dallas, TX
Office Portfolio Breakdown
5-Rated
Office
27%
4-Rated
Office
32%
3-Rated
Office
41%
Risk-Rated 3 Office Assets
Plano, TX
Bellevue, WA
Dallas, TX
Philadelphia, PA
Washington, D.C.
Note: $ in Millions. The charts above are based on total assets. Total assets reflect the principal amount of our loan portfolio. Commitment amount includes participations by KKR affiliated entities and third parties that
are syndicated / sold. Weighted average is weighted by the current principal amount. Loan Per SF is based on the current principal amount divided by the current SF. For the Bellevue, WA loan, Loan Per SF is calculated
as the total commitment amount of the loan divided by the proposed SF. Max remaining term (years) assumes all extension options are exercised, if applicable
KREF
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