KKR Real Estate Select Trust: Oversubscriptions Persist
The KKR Real Estate Select Trust (KREST) remains in the oversubscribed club for the second consecutive quarter. KREST is a tender offer fund that launched in Q2 2021 and has again received redemption requests in excess of the 5% quarterly NAV cap for its Q2 2023 tender offer period.
Requests were prorated to 74% of each shareholder’s tender request.
Source: SEC Filings, Cox Capital Partners