Form 4: KKR Real Estate Select Trust Inc. Insider Transaction: KKR Alternative Assets LLC Acquires Shares as Payment for Management Fees

KKR Alternative Assets LLC acquired 51,129.345 shares of KKR Real Estate Select Trust Inc. common stock at $25.39 per share as payment for management and/or incentive fees.

Summary

• On August 30, 2024, KKR Alternative Assets LLC acquired 51,129.345 shares of KKR Real Estate Select Trust Inc. common stock.
• The shares were acquired at a price of $25.39 per share.
• This acquisition was made as payment for management and/or incentive fees according to the investment advisory agreement between KKR Real Estate Select Trust Inc. and KKR Registered Advisor LLC.
• Following the transaction, KKR Alternative Assets LLC indirectly holds 9,900,911.473 shares of the company's common stock.
• The reporting persons, including KKR Alternative Assets LLC and related entities, disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction related to management fees. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the ownership changes within KKR Real Estate Select Trust Inc. It reflects the ongoing management fee arrangements between the company and its advisor.

Related Party Transactions

• The transaction involves KKR Alternative Assets LLC receiving shares as payment for services provided under an investment advisory agreement with KKR Registered Advisor LLC, indicating a related-party transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is related to the payment of management fees with shares.
• It provides transparency to shareholders regarding insider transactions.

Key Dates