Investment Overview Portfolio Overview

Portfolio Overview

Loan Portfolio Overview as of December 31, 2025

Investment Type(1)
Senior Loans 100% #48154D
Interest Rate Type
Floating 99% #48154D
Fixed 1% #765079
Property Type
Multifamily 40%
Office 23% #48154D
Industrial 18% #C4C4C4
Life Science 14% #ECECEE
Hospitality 3% #726286
Other 2% #76517A
Geography
California 17% #a2a2a2
Texas 12% #a2a2a2
Massachusetts 12% #76517A
Florida 11% #d2d2d2
North Carolina 6% #726286
Washington D.C. 5% #726286
Pennsylvania 5% #c2c2c2
New York 4% #48154D
Washington 4% #c2c2c2
Europe 4% #30b3e7
Other U.S. (<4%) 20% #ff9900

Note: "Other" property types include: 2% Student Housing and <1% Mixed Use

(1) 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.

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