---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-21-036171"
form_type: "8-K"
ticker: "KREF"
cik: "0001631596"
company_name: "KKR Real Estate Finance Trust Inc."
filed_at: "2021-11-01T23:59:59+00:00"
generated_at: "2026-06-28T15:45:33.255939+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# KKR Real Estate Finance Trust sells 5M shares (~$108.8M); KKR & Co. loses control, voting rights terminated

## Summary
- Underwritten offering of 5.0M common shares (plus 750K option) raised net proceeds of approximately $108.8M.
- Proceeds to be used for asset acquisition consistent with investment strategies and general corporate purposes.
- As of Nov 1, 2021, KKR & Co. ownership fell below 25%, terminating its special voting rights and converting special preferred to common.
- Company ceased to be a controlled company under NYSE rules; one-year transition period for certain governance exemptions applies.

## SEC filing metadata
- accession: 0001140361-21-036171
- form_type: 8-K
- ticker: KREF
- cik: 0001631596
- company_name: KKR Real Estate Finance Trust Inc.
- filed_at: 2021-11-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1631596/000114036121036171/0001140361-21-036171-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1631596/000114036121036171/ny20001106x3_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-21-036171
- JSON: https://secwatch.observer/filing/0001140361-21-036171.json
- Plain text: https://secwatch.observer/filing/0001140361-21-036171.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.