{
  "docId": "019de518-118b-7376-95c1-3ae83a322322",
  "docSlug": "523a6e69b9d7e400312fb13e00b9262f",
  "documentTitle": "KKR Real Estate Finance Trust | Investor Presentation Deck | 41 slides",
  "authorId": "kkr-real-estate-finance-trust",
  "authorName": "KKR",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 17,
  "pageCount": 41,
  "prevPage": 16,
  "nextPage": 18,
  "slideType": "product_demo",
  "function": "illustrate_case",
  "density": "overcrowded",
  "nDataPoints": 40,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de518-118b-7376-95c1-3ae83a322322/17",
  "deckHref": "/decks/019de518-118b-7376-95c1-3ae83a322322",
  "deckJsonHref": "/decks/019de518-118b-7376-95c1-3ae83a322322.json",
  "deckAnchorHref": "/decks/019de518-118b-7376-95c1-3ae83a322322#slide-17",
  "components": [
    {
      "bbox": {
        "h": 0.19,
        "w": 0.204,
        "x": 0.599,
        "y": 0.226
      },
      "kind": "chart",
      "text": "Office Portfolio Breakdown\n5-Rated Office 22%\n4-Rated Office 10%\n2 & 3-Rated Office 68%",
      "attrs": {},
      "subkind": "pie",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "96af880b-8d18-4085-912a-df5dba32fd52",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.33,
        "w": 0.49,
        "x": 0.47,
        "y": 0.468
      },
      "kind": "image",
      "text": null,
      "attrs": {},
      "subkind": "map",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "216e06b5-d9cc-4e3c-9165-34f932ef1ca7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.099,
        "w": 0.102,
        "x": 0.812,
        "y": 0.723
      },
      "kind": "image",
      "text": "Washington, D.C.",
      "attrs": {},
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "154677f0-7e3e-4f30-828b-6e3ac815a300",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.099,
        "w": 0.102,
        "x": 0.473,
        "y": 0.723
      },
      "kind": "image",
      "text": "Dallas, TX",
      "attrs": {},
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2418782b-3077-4c85-83e0-f21da350a65a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.099,
        "w": 0.102,
        "x": 0.586,
        "y": 0.48
      },
      "kind": "image",
      "text": "Bellevue, WA",
      "attrs": {},
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "39b18e8d-09f2-475b-9e92-3a9ddc961933",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.099,
        "w": 0.102,
        "x": 0.925,
        "y": 0.48
      },
      "kind": "image",
      "text": "Washington, D.C.",
      "attrs": {},
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5508f247-a147-4dcf-9426-524772cd95f4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.099,
        "w": 0.102,
        "x": 0.699,
        "y": 0.48
      },
      "kind": "image",
      "text": "Chicago, IL",
      "attrs": {},
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5de508a9-a707-452c-83b2-5b04d2c47117",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.099,
        "w": 0.102,
        "x": 0.586,
        "y": 0.723
      },
      "kind": "image",
      "text": "Plano, TX",
      "attrs": {},
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7a73c39a-a435-4bc8-9c3b-a8b30862f32b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.099,
        "w": 0.102,
        "x": 0.473,
        "y": 0.48
      },
      "kind": "image",
      "text": "Oakland, CA",
      "attrs": {},
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "915b56bb-6a6e-4bed-9a89-728ec39f18a3",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.099,
        "w": 0.102,
        "x": 0.925,
        "y": 0.723
      },
      "kind": "image",
      "text": "Washington, D.C.",
      "attrs": {},
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "967a51b6-cd74-4abb-b7f3-e20109271520",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.099,
        "w": 0.102,
        "x": 0.812,
        "y": 0.48
      },
      "kind": "image",
      "text": "Philadelphia, PA",
      "attrs": {},
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b0a63a11-bfdb-4571-a9bb-b4d8930a13cb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.099,
        "w": 0.102,
        "x": 0.699,
        "y": 0.723
      },
      "kind": "image",
      "text": "Dallas, TX",
      "attrs": {},
      "subkind": "photo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d9a26916-0314-45b6-92d5-97b8c47e8f6f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.101,
        "w": 0.896,
        "x": 0.053,
        "y": 0.838
      },
      "kind": "source-note",
      "text": "Note: The charts above are based on outstanding principal amount. Commitment amount includes participations by KKR affiliated entities and third parties that are syndicated / sold. Weighted average is weighted by the current principal amount. Loan Per SF is based on the current principal amount divided by the current SF. For the Bellevue, WA loan, Loan Per SF is calculated as the total commitment amount of the loan divided by the proposed SF. Max remaining term (years) assumes all extension options are exercised, if applicable. Excludes REO properties\n(1) Amounts include $150 million of non-consolidated senior interest. KREF's retained mezzanine position is $38 million\n(2) Fully repaid in January 2024\n(3) KREF's retained mezzanine position is $7 million",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "12aa9a9b-8356-4715-a3fe-969f515edab2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.589,
        "w": 0.497,
        "x": 0.053,
        "y": 0.226
      },
      "kind": "table",
      "text": "KREF Office Loan Portfolio\nLocation Investment Date Loan Purpose Current Commitment ($ Millions) Current Principal ($ Millions) Loan per SF Max Term (Years)\nMountain View, CA Jul-21 Acquisition $250.0 $200.9 $654 2.6\nMinneapolis, MN Nov-17 Refinance 199.4 194.4 182 1.5\nRisk-Rated 5: Total / Weighted Average $449.4 $395.3 2.1\nBoston, MA Feb-21 Refinance 187.5 (1) 187.5 (1) 506 2.1\nRisk-Rated 4: Total / Weighted Average $187.5 $187.5 2.1\nBellevue, WA Sep-21 Construction 260.4 182.5 855 3.3\nWashington, D.C. Nov-21 Refinance 181.0 163.4 458 3.9\nWashington, D.C. Dec-19 Recapitalization 175.5 173.4 (2) 848 1.0\nPlano, TX Feb-20 Refinance 150.7 150.7 208 1.1\nDallas, TX Dec-21 Refinance 138.0 138.0 439 2.9\nPhiladelphia, PA Jun-18 Refinance 114.3 114.3 117 3.1\nChicago, IL Jul-19 Refinance 105.0 88.4 85 4.6\nWashington, D.C. Jan-22 Refinance 100.0 65.8 241 4.1\nDallas, TX Jan-21 Acquisition 87.0 87.0 294 2.1\nOakland, CA Oct-20 Acquisition 64.4 (3) 45.8 (3) 141 1.9\nRisk-Rated 2 & 3: Total / Weighted Average $1,376.2 $1,209.4 2.7\nGrand Total / Weighted Average $2,013.1 $1,792.2 2.5",
      "attrs": {},
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4f3428d7-af7e-4001-81b3-416a86b50e8b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.896,
        "x": 0.053,
        "y": 0.12
      },
      "kind": "title",
      "text": "Two-thirds of the outstanding principal balance of KREF's Office segment is Risk-Rated 3 or better",
      "attrs": {},
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "c0f0f955-433c-4a03-945a-83d67be65534",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.527,
        "x": 0.053,
        "y": 0.075
      },
      "kind": "title",
      "text": "KREF Office Loan Portfolio Overview",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e1833620-9d84-4ffd-bcf5-6b0efd9c3795",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "0801184f-756b-4981-8b82-c6fe3746bb91",
      "evidence": "Two-thirds of the outstanding principal balance of KREF's Office segment is Risk-Rated 3 or better",
      "confidence": 0.8
    }
  ],
  "frameworks": [],
  "arcBeats": [],
  "loops": [
    {
      "to": 20,
      "from": 15,
      "name": "Zoom In",
      "slug": "06-zoom-in",
      "bestFor": "Technical deep-dives, case studies, detailed analysis",
      "matchId": "21614247-077d-4751-b87d-a9ab9edc0679",
      "evidence": "The deck provides a detailed breakdown of KREF's loan portfolio and credit quality",
      "position": 0,
      "objective": "To provide a detailed overview of KREF's loan portfolio",
      "structure": "The Big Picture -> Key Area of Focus -> Specific Detail -> Implication",
      "confidence": 0.7,
      "description": "Start broad, then progressively focus on specific details that prove your point"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}