Senior Debt

The board of KKR Real Estate Finance Trust is exploring strategic alternatives for the real estate investment trust, according to Q2 2026 financial results.

The deal comes amid an uptick in financing for continuation vehicles for real estate private equity managers seeking to extend the lives of funds.

The New York-based manager is looking for construction lending opportunities in and beyond the stateside Sun Belt market for its next $10bn of volume.

The US manager provided the loan for a student housing development near the University of Central Florida that will be delivered in two phases.

PERE’s editors share the biggest highlights from our newly integrated real estate capital markets service, which launched this week.

The deal marked the Atlanta-based manager’s largest senior financing to date as it aims for a $3.5bn origination target in 2026.

Real estate private credit lenders helped complete the capital stack, which comprises a $415m CMBS loan, a $40m B-note and a $60m mezzanine loan, according to Newmark.

The loan from the New York-lender will be used by HA Emprendimientos to build its 26-story, 328-unit Sense22 development in the Edgewater submarket.

Madison Realty Capital originated a $720 million senior loan to finance Metro Loft and David Werner’s residential conversion of the New York office building.

San Antonio-based manager continues its 2026 lending streak with a deal backed by PCCP, Claremont Development and Stanberry Development group.