{
  "docId": "019de518-9c79-7734-8123-9cb4f758122a",
  "docSlug": "2458e3a60a52815ea03154dee942cd81",
  "documentTitle": "KKR Real Estate Finance Trust | Investor Presentation Deck | 39 slides",
  "authorId": "kkr-real-estate-finance-trust",
  "authorName": "KKR Real Estate Finance Trust",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-10-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 20,
  "pageCount": 39,
  "prevPage": 19,
  "nextPage": 21,
  "slideType": "other",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 7,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019de518-9c79-7734-8123-9cb4f758122a/20",
  "deckHref": "/decks/019de518-9c79-7734-8123-9cb4f758122a",
  "deckJsonHref": "/decks/019de518-9c79-7734-8123-9cb4f758122a.json",
  "deckAnchorHref": "/decks/019de518-9c79-7734-8123-9cb4f758122a#slide-20",
  "components": [
    {
      "bbox": {
        "h": 0.03,
        "w": 0.08,
        "x": 0.055,
        "y": 0.92
      },
      "kind": "image",
      "text": "KREF",
      "attrs": {},
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9e1b2fe7-b6b8-44ba-9976-b40312b750e8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.159,
        "w": 0.285,
        "x": 0.06,
        "y": 0.194
      },
      "kind": "list",
      "text": "2Q'24 Watch List\nTotal Principal: $194 million\nMinneapolis Office",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0272e139-26e1-4f33-bf6d-888d0b4b263f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.159,
        "w": 0.285,
        "x": 0.654,
        "y": 0.473
      },
      "kind": "list",
      "text": "Total Principal: $191 million\nSan Diego Multifamily\nRaleigh Multifamily",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "311d7572-e76b-4943-8067-5310de89de80",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.086,
        "w": 0.285,
        "x": 0.357,
        "y": 0.194
      },
      "kind": "list",
      "text": "Intra-Quarter Activity\nRisk Rating: 5",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4e25b0c3-c645-4ac3-8691-78f7d4fe8ea5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.034,
        "w": 0.285,
        "x": 0.357,
        "y": 0.473
      },
      "kind": "list",
      "text": "Risk Rating: 4",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7c694612-abc2-4b78-b954-4120f4828fbb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.249,
        "w": 0.285,
        "x": 0.06,
        "y": 0.473
      },
      "kind": "list",
      "text": "Total Principal: $400 million\nSan Diego Multifamily\nRaleigh Multifamily\nSan Carlos Life Science\nWest Hollywood Multifamily",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "949479ba-8f6d-4c28-b05e-61f4dbaf2055",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.249,
        "w": 0.285,
        "x": 0.654,
        "y": 0.194
      },
      "kind": "list",
      "text": "3Q'24 Watch List\nTotal Principal: $408 million\nMinneapolis Office\nSan Carlos Life Science\nWest Hollywood Multifamily",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "acf7a55b-f683-4816-a0af-483c451cfcb2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.016,
        "w": 0.019,
        "x": 0.93,
        "y": 0.93
      },
      "kind": "source-note",
      "text": "20",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4c16ef31-e8c4-47c9-95b9-1b6866538372",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.023,
        "w": 0.54,
        "x": 0.055,
        "y": 0.14
      },
      "kind": "title",
      "text": "In 3Q'24, KREF had two risk rating downgrades",
      "attrs": {},
      "subkind": "action-title",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e70f5265-49d1-4241-9c56-834af0bc9024",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.046,
        "w": 0.879,
        "x": 0.055,
        "y": 0.07
      },
      "kind": "title",
      "text": "Watch List Migrations Quarter-over-Quarter",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3dede20c-7c64-4765-b7ff-274c118a24c9",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 20,
      "from": 14,
      "beatId": "5e2c0348-2a00-41c8-8201-0a1e4ab76ba9",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Solution",
      "beatSlug": "sequoia-pitch-solution",
      "evidence": "The document presents a detailed solution on slides 14-20",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 30,
      "from": 4,
      "name": "Logic Chain",
      "slug": "01-logic-chain",
      "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis",
      "matchId": "c49a9747-ecd6-4534-9bc2-af8a80b37928",
      "evidence": "The document presents a clear logic chain from slides 4-30",
      "position": 0,
      "objective": "To demonstrate the investment thesis",
      "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... (Inevitable conclusion)",
      "confidence": 0.7,
      "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}