- KKR (NYSE:KKR) announced that KKR Real Estate Select Trust (KREST) provided a mezzanine loan to leading urban real estate firm, Crescent Heights, for supporting the refinancing of NEMA Chicago, an 800-unit luxury residential building.
- This represents KKR’s first debt investment through KREST, a continuously offered, registered closed-end fund designed to deliver access to income-oriented private real estate investments.
- Real estate debt is one of KREST's three primary investment strategies, alongside equity investments in stabilized real estate and prime single tenant properties.