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  "documentTitle": "KKR Real Estate Finance Trust | Investor Presentation Deck | 42 slides",
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      "text": "Investment Portfolio Evolution\nAt IPO: 67% Senior Loan, 6% Mezz Loan, 27% Securities\n4Q'18: 97% Senior Loan, <3% Mezz Loan\n3Q'20: 99% Senior Loan, <1% Mezz Loan",
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      "text": "Future Funding as a Percentage of Total Commitments\nAt IPO: 23%\n4Q'18: 10%\n3Q'20: 9%",
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      "text": "Larger Average Loan Size\nAt IPO: $50 Million\n4Q'18: $100 Million\n3Q'20: $135 Million",
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      "text": "Property Type Evolution\nAt IPO: 62% Multifamily and Office, 31% Hospitality and Retail\n4Q'18: 86% Multifamily and Office, 7% Hospitality and Retail\n3Q'20: 83% Multifamily and Office, 8% Hospitality and Retail",
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      "text": "KKR REAL ESTATE FINANCE TRUST",
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      "kind": "source-note",
      "text": "Note: The charts above are based on total assets. Total assets reflect the principal amount of our senior and mezzanine loans.",
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      "text": "Conservative Portfolio Construction",
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