– KAYNE ANDERSON REAL ESTATE ADVISORS, LLC closed its opportunistic debt fund, KAROD II, with $1.685 billion in capital commitments, exceeding its $1.5 billion target.
– The fund received support from a broad mix of new and existing institutional investors.
– With this close, Kayne Anderson Real Estate has over $4.6 billion in dry powder across its debt and equity strategies.
– KAROD II targets commercial real estate debt investments in sectors such as:
▪️Medical office
▪️Seniors housing
▪️Multifamily
▪️Student housing
– Investment strategies include:
▪️Secondary market purchases of Freddie Mac structured products
▪️Loan purchases
▪️Commercial mortgage-backed securities (CMBS)
– Over the past 24 months, the platform deployed $3.9 billion, including $2.2 billion in the last 12 months.
– Al Rabil, CEO of Kayne Anderson and Co-Founder and CEO of Kayne Anderson Real Estate: “Our first opportunistic debt fund capitalized on the significant dislocation in the immediate aftermath of the pandemic and delivered exceptional outcomes to our investors.”
– David Selznick, Chief Investment Officer, Kayne Anderson Real Estate: “The strength of our debt platform is a testament to our track record delivering strong, risk adjusted returns for our investors in all market environments.”
– The successful fundraise reinforces the strength of Kayne Anderson Real Estate’s $5.5 billion debt platform.
