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  "documentTitle": "KKR Real Estate Finance Trust | Investor Presentation Deck | 41 slides",
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      "text": "Property Type\nRetail / Redevelopment 29%\nOffice 71%",
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      "text": "Location\nPA 27%\nCA 44%\nOR 29%",
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      "text": "KREF",
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      "text": "(1) Equity represents Carrying Value less current financing\n(2) Carrying Value represents amortized cost of the loan less 4Q'23 CECL Allowance\n(3) Loan was co-funded by KREF and a KKR affiliate. KREF's interest was 69% of the loan",
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      "text": "23",
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      "kind": "paragraph",
      "text": "Approximately $150 million of equity (1) is held in our current and projected Real Estate Owned (REO) properties",
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      "text": "Note: Figures as of December 31, 2023. Property Type and Location breakouts based on Carrying Value. \"Projected REO\" indicates a property that is projected to become REO, but is still not closed",
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      "text": "REO: Current and Projected\nLocation\nProperty Type\nCarrying Value ($ in millions)\nCarrying Value per Square Foot\nPortland, OR\nRetail / Redevelopment\n$82\nn.a.\nPhiladelphia, PA\nOffice / Garage\n77\n$107 / SF\nTotal Current REO\n$159\nMountain View, CA\nClass A Office Campus\n122(2)(3)\n$396 / SF\nTotal Current and Projected REO\n$280",
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      "text": "Overview of Real Estate Owned",
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