KKR Reit sheds 90% of CMBS ‘B’ piece portfolio

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By David Bell
19 Apr 2018

KKR Real Estate Finance Trust announced on Wednesday that it had sold almost 90% of its portfolio of CMBS ‘B’ piece investments, with a dedicated ‘B’ piece fund now doing the bulk of the firm’s buying in that area.

KKR Real Estate Finance Trust (KREF) said that it had sold four out of five direct ‘B’ piece investments, the most junior bonds in a conduit CMBS deal, in the last week for $112.7m. The sale accounted for 87% of the funds ‘B’ piece holdings. KREF had bought ...

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