Integrated Global Real Estate Platform slide image

Integrated Global Real Estate Platform

KREF Loan Portfolio by the Numbers Total Portfolio Growth Investment Type(2) ($ in Millions) $5,618 $5,257 $4,952 $7,888 $7,872 2Q'19 2Q'20 2Q'21 2Q'22 2Q'23 18% Geography(1) Senior Loans 100% Interest Rate Type Fixed 1% Property Type (4) Hospitality 5% Other 5% Life Science (3) 9% 5% .11% Industrial 14% Multifamily 42% 5% Office 26% 6% Washington, D.C. Office (5) 7% Class-B 6% 15% 10% Other <5%: 23% Floating 99% Multifamily LEED Class-B 30% 86% Class-A 94% Class-A 70% Note: The charts above are based on total assets. Total assets reflect the principal amount of our loan portfolio (1) Map excludes one real estate owned asset with a net carrying value of $81 million (2) (3) (4) "Other" property types include: 2% Condo (Residential), 1% Student Housing, 1% Single Family Rental and 1% Self-Storage 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 KREF classifies a loan as life science if more than 50% of the gross leasable area is leased to, or will be converted to, life science-related space (5) Office property certification % is based on current principal loan balance; see description for LEED certification in the Appendix KREF 17
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