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KKR Breaks Its Loan Record With Property Market ‘Roaring Back’

  • Real estate finance unit commits $8 billion so far in 2021
  • Pent-up demand for debt, low interest rates help spur growth
Photographer: Victor J. Blue/Bloomberg

KKR & Co. has committed to $8 billion in commercial-property loans so far in 2021, more than double its previous full-year record, as the pandemic reopening stokes demand for financing.

“The market is just roaring back from a volume perspective,” Matt Salem, KKR’s head of real estate credit, said in an interview. “Pipelines are very big across the board.”