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KKR mortgage REIT maps out ambitious portfolio overhaul amid credit pressures

'Year of transition' will seek to resolve problem loans, sell properties
KKR Real Estate Finance Trust originated a $401 million loan in 2021 on 441 Morgan Ave. in the Cambridge Crossing mixed-use project in Cambridge, Massachusetts. (CoStar)<br/>
KKR Real Estate Finance Trust originated a $401 million loan in 2021 on 441 Morgan Ave. in the Cambridge Crossing mixed-use project in Cambridge, Massachusetts. (CoStar)
CoStar News
February 9, 2026 | 5:16 P.M.

KKR Real Estate Finance Trust is embarking on what CEO Matt Salem calls a "year of transition," implementing an aggressive strategy to shed troubled assets and reposition its portfolio toward higher-quality loans.

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