# EDGAR Filing Document

**Accession Number:** 0001803958
**File Stem:** 0001752724-23-045974
**Filing Date:** 2023-2
**Character Count:** 20026
**Document Hash:** 182cf7b616a139e6131988cce22d9e00
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-045974.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-045974

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KKR Real Estate Select Trust Inc.
- **CENTRAL INDEX KEY:** 0001803958
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23575
- **FILM NUMBER:** 23681774

**BUSINESS ADDRESS:**
- **STREET 1:** 30 HUDSON YARDS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 2127508300

**MAIL ADDRESS:**
- **STREET 1:** 30 HUDSON YARDS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KKR KREST Fund Inc.
- **DATE OF NAME CHANGE:** 20200219

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** KKR REAL ESTATE SELECT TRUST INC.

- **b. Investment Company Act file number:** 811-23575

- **c. CIK number of Registrant:** 0001803958

- **d. LEI of Registrant:** 549300TOUQGPO6G51Q89

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 30 HUDSON YARDS

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

  - **Telephone number:** 212-750-8300

**Item A.2. Information about the Series.**

- **a. Name of Series:** KKR Real Estate Select Trust Inc.

- **c. LEI of Series:** 549300TOUQGPO6G51Q89

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1604056428.06

**Total Liabilities:** $12173520.56

**Net Assets:** $1591882907.50

**Cash Not Reported:** $51747778.85

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 15762.20918000 | **5-Year:** 37035.13129000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 25654.59848000 | **5-Year:** 38266.41258000 | **10-Year:** 1147.03596000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000004 | 0.26%                | -1.26%               | -1.10%               |
| Class ID C000000002 | 0.23%                | -1.23%               | -1.10%               |
| Class ID C000000001 | 0.30%                | -1.16%               | -1.03%               |
| Class ID C000000003 | 0.28%                | -1.18%               | -1.05%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $604.51                  | $1441757.69                                |
| Month 2  | $850.46                  | $-19889786.72                              |
| Month 3  | $-1182450.73             | $-18073709.58                              |

### Schedule of Portfolio Investments

| Name                                              | Title                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| La Quinta Mortgage Trust                          | LAQ 2022-LAQ Mortgage Trust                                      | CUSIP: 50172LAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  49820250 | PA      | $46157131.42  | 2.90%             | 2039-03-15      | Floating      | 11.65%                | No            |                  2 | On Loan: No      |
| CRSNT Trust                                       | CRSNT Trust 2021-MOON                                            | CUSIP: 22877LAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4819645.00   | 0.30%             | 2036-04-15      | Floating      | 8.82%                 | No            |                  3 | On Loan: No      |
| Residential - National Portfolio 1a               | Residential - National Portfolio 1a                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $10975452.87  | 0.69%             |  |  |  | No            |                  3 | On Loan: No      |
| Residential - 80 Dekalb                           | Residential - 80 Dekalb                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $68626990.70  | 4.31%             |  |  |  | No            |                  3 | On Loan: No      |
| JP Morgan Chase Commercial Mor                    | J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-ACB  | CUSIP: 46593EAU9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         1 | PA      | $0.00         | 0.00%             | 2039-03-15      | Variable      | 0.01%                 | No            |                  3 | On Loan: No      |
| Residential - Tokyo Multifamily Portfolio I       | Residential - Tokyo Multifamily Portfolio I                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | JP        |         1 | OU      | $34141994.93  | 2.14%             |  |  |  | No            |                  3 | On Loan: No      |
| Residential - Main Line 4-Pack                    | Residential - Main Line 4-Pack                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $50430425.82  | 3.17%             |  |  |  | No            |                  3 | On Loan: No      |
| Industrial - Rickenbacker Logistics Park          | Industrial - Rickenbacker Logistics Park                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $38778303.11  | 2.44%             |  |  |  | No            |                  3 | On Loan: No      |
| Residential - The Beach House Apartments          | Residential - The Beach House Apartments                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $36255405.69  | 2.28%             |  |  |  | No            |                  3 | On Loan: No      |
| Prime ST - 300 Pine                               | Prime ST - 300 Pine                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $90174077.03  | 5.66%             |  |  |  | No            |                  3 | On Loan: No      |
| OPG Trust                                         | OPG Trust 2021-PORT                                              | CUSIP: 67118AAU9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8224490 | PA      | $7433920.33   | 0.47%             | 2036-10-15      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| Industrial - Lambert Farms                        | Industrial - Lambert Farms                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $40511533.38  | 2.54%             |  |  |  | No            |                  3 | On Loan: No      |
| MACQUARIE CAPITAL (USA) INC.                      | JPY/USD FORWARD                                                  | CUSIP: 000000000<br>LEI: 549300670K07JRB5UQ40 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-1676698.87  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Industrial - Almaville Rd                         | Industrial - Almaville Rd                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $7669598.15   | 0.48%             |  |  |  | No            |                  3 | On Loan: No      |
| Industrial - S. 500 Whitestown                    | Industrial - S. 500 Whitestown                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $15633128.52  | 0.98%             |  |  |  | No            |                  3 | On Loan: No      |
| Industrial - MB Parts Korea DC                    | Industrial - MB Parts Korea DC                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | KR        |         1 | OU      | $44506515.98  | 2.80%             |  |  |  | No            |                  3 | On Loan: No      |
| JP Morgan Chase Commercial Mor                    | J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-OPO  | CUSIP: 46655AAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  39995000 | PA      | $29299541.10  | 1.84%             | 2039-01-05      | Variable      | 6.92%                 | No            |                  2 | On Loan: No      |
| Chicago NEMA                                      | Chicago NEMA                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  65000000 | PA      | $64239713.73  | 4.04%             | 2026-08-26      | Floating      | 12.49%                | No            |                  3 | On Loan: No      |
| Credit Suisse Mortgage Trust                      | CSMC 2022-MARK                                                   | CUSIP: 12666KAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6600000 | PA      | $6510399.06   | 0.41%             | 2039-06-15      | Floating      | 9.28%                 | No            |                  2 | On Loan: No      |
| Industrial - Lakemont Blvd                        | Industrial - Lakemont Blvd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $7763354.49   | 0.49%             |  |  |  | No            |                  3 | On Loan: No      |
| JP Morgan Chase Commercial Mor                    | J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-ACB  | CUSIP: 46593EAR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  30573000 | PA      | $29271904.84  | 1.84%             | 2039-03-15      | Floating      | 10.81%                | No            |                  3 | On Loan: No      |
| Prime ST - First Republic Center                  | Prime ST - First Republic Center                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $30084242.15  | 1.89%             |  |  |  | No            |                  3 | On Loan: No      |
| BX Trust                                          | BX Trust 2022-GPA                                                | CUSIP: 05608UAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  25000000 | PA      | $24798547.50  | 1.56%             | 2039-10-15      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Industrial - Veterans Point                       | Industrial - Veterans Point                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $54069862.38  | 3.40%             |  |  |  | No            |                  3 | On Loan: No      |
| Industrial - Charleston                           | Industrial - Charleston                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $37082872.14  | 2.33%             |  |  |  | No            |                  3 | On Loan: No      |
| STANDARD CHARTERED SECURITIES (NORTH AMERICA) LLC | USD/KRW FORWARD                                                  | CUSIP: 000000000<br>LEI: 5493003GCX71N8988W38 | N/A              | DFE              | CORP              | US        |         1 | NC      | $455929.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BX Trust                                          | BX Trust 2022-GPA                                                | CUSIP: 05608UAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  56700000 | PA      | $56559043.80  | 3.55%             | 2039-10-15      | Floating      | 9.74%                 | No            |                  3 | On Loan: No      |
| BX Trust                                          | BX Commercial Mortgage Trust 2021-XL2                            | CUSIP: 05609KAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18534301 | PA      | $16884262.79  | 1.06%             | 2038-10-15      | Floating      | 8.21%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                    | J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-ACB  | CUSIP: 46593EAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  22839000 | PA      | $21597396.59  | 1.36%             | 2039-03-15      | Floating      | 9.31%                 | No            |                  2 | On Loan: No      |
| BXSC Commercial Mortgage Trust                    | BXSC Commercial Mortgage Trust 2022-WSS                          | CUSIP: 05610BAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  50000000 | PA      | $45664070.00  | 2.87%             | 2035-03-15      | Floating      | 10.66%                | No            |                  2 | On Loan: No      |
| BX Trust                                          | BX Trust 2022-GPA                                                | CUSIP: 05608UAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  38500000 | PA      | $38170786.50  | 2.40%             | 2039-10-15      | Floating      | 8.40%                 | No            |                  2 | On Loan: No      |
| Residential - National Portfolio 1b               | Residential - National Portfolio 1b                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $98575802.28  | 6.19%             |  |  |  | No            |                  3 | On Loan: No      |
| JP Morgan Chase Commercial Mor                    | J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-NXSS | CUSIP: 465979AJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5900000 | PA      | $5889085.00   | 0.37%             | 2039-08-15      | Floating      | 7.51%                 | No            |                  2 | On Loan: No      |
| SLG Office Trust                                  | SLG Office Trust 2021-OVA                                        | CUSIP: 78449RAN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5260000 | PA      | $3443353.80   | 0.22%             | 2041-07-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Prime ST - HQ @ First                             | Prime ST - HQ @ First                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $196496213.80 | 12.34%            |  |  |  | No            |                  3 | On Loan: No      |
| Medical Office - Southeastern Portfolio I         | Medical Office - Southeastern Portfolio I                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $75936628.63  | 4.77%             |  |  |  | No            |                  3 | On Loan: No      |
| BX Trust                                          | BX Trust 2022-PSB                                                | CUSIP: 05606DAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9885630 | PA      | $9878996.56   | 0.62%             | 2039-08-15      | Floating      | 10.67%                | No            |                  3 | On Loan: No      |
| JP Morgan Chase Commercial Mor                    | J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-NXSS | CUSIP: 465979AL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6900000 | PA      | $6875516.73   | 0.43%             | 2039-08-15      | Floating      | 8.46%                 | No            |                  2 | On Loan: No      |
| Industrial - AIP-PMR 3-Pack                       | Industrial - AIP-PMR 3-Pack                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $94398037.97  | 5.93%             |  |  |  | No            |                  3 | On Loan: No      |
| Residential Presidential City                     | Residential Presidential City                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $91939603.02  | 5.78%             |  |  |  | No            |                  3 | On Loan: No      |
| JP Morgan Chase Commercial Mor                    | J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-ACB  | CUSIP: 46593EAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4787013.00   | 0.30%             | 2039-03-15      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-27

**Name of Applicant:** KKR REAL ESTATE SELECT TRUST INC.

**Signature:** Megan Gaul

**Name of Signer:** Megan Gaul

**Title:** CFO of Krest