{"id":261918,"date":"2023-01-24T09:43:08","date_gmt":"2023-01-24T14:43:08","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=261918"},"modified":"2023-01-24T09:43:08","modified_gmt":"2023-01-24T14:43:08","slug":"kkr-limits-reit-withdrawals-as-investors-ask-for-8-of-krest","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/kkr-limits-reit-withdrawals-as-investors-ask-for-8-of-krest\/","title":{"rendered":"KKR Limits REIT Withdrawals as Investors Ask for 8% of KREST"},"content":{"rendered":"
January 23, 2023 | Jack Rogers | GlobeSt.com<\/p>\n
KKR became the latest non-traded REIT to close the spigot on redemptions after revealing in a regulatory filing this week that investors sought to withdraw more than 8% of KKR Real Estate Select Trust\u2019s (KREST) estimated $1.6B in assets during the past three months.<\/p>\n
KKR said the KREST redemption requests far exceeded its 5% quarterly limit in the past three months. The REIT limited withdrawals to 62% of the requests, the company said in its filing, Barron\u2019s reported.<\/p>\n
KREST joins Blackstone Real Estate Income Trust (BREIT), the largest non-traded REIT by far, and Starwood Real Estate Income Trust (SREIT) in limiting withdrawals after quarterly and monthly redemption limits were breached.<\/p>\n
Investors have been racing for the exits at non-traded REITs, triggering withdrawal limits the REITs use as guardrails to prevent them from having to make forced sales of assets.<\/p>\n