Kayne Anderson Real Estate Announces Oversubscribed Final Close of Opportunistic Equity Fund with $5.12 Billion in Commitments

Largest Opportunistic Equity Fund in Firm History Following Strong Investor Demand

Firm to Leverage Established Track Record and Experience Investing Across Medical Office, Seniors Housing, Student Housing and Light Industrial

BOCA RATON, Fla., May 22, 2026 /PRNewswire/ -- Kayne Anderson Real Estate, the real estate private equity arm of Kayne Anderson Capital Advisors, L.P., today announced the final close of Kayne Anderson Real Estate Partners VII, L.P. ("KAREP VII" or the "Fund"), the largest opportunistic equity fund in the firm's history, with $5.12 billion in capital commitments. Due to strong investor demand, the Fund significantly exceeded its initial $3 billion target.

The fund will continue Kayne Anderson Real Estate's longstanding strategy of investing in high-quality real estate assets and platforms across sectors where the firm believes specialized operational expertise, scale and deep industry relationships drive meaningful competitive advantages.

Building on the firm's established track record across medical office, seniors housing, student housing and light industrial, KAREP VII will capitalize on opportunities created by ongoing dislocation across commercial real estate markets and increasing demand for specialized operating expertise. The Fund will leverage Kayne Anderson Real Estate's operator-oriented platform, extensive sourcing network and longstanding, exclusive partnerships with leading developers, operators and healthcare systems to pursue investments across its targeted sectors.

"Our ability to raise KAREP VII – the largest fund in our firm's history – in the current market environment reflects the strength of our platform and the confidence investors continue to place in our team," said Al Rabil, CEO of Kayne Anderson and Co-Founder and CEO of Kayne Anderson Real Estate. "We remain focused on our mission critical alternative sectors where we believe long-term fundamental tailwinds and operational complexity create compelling investment opportunities for our differentiated investment platform. This is the beginning of a super cycle for the alternative real estate sectors on which we focus and we are grateful for the continued support from both existing and new investors. We look forward to building on our long track record of delivering strong risk-adjusted returns."

David Selznick, Chief Investment Officer of Kayne Anderson Real Estate, added, "We believe the current market environment continues to create attractive opportunities to acquire and develop high-quality assets at compelling basis levels across our targeted sectors. With KAREP VII, we are well-positioned to leverage our deep sector expertise, operating relationships and national platform to capitalize on these opportunities on behalf of our investors."

Since inception, Kayne Anderson Real Estate has completed over $32 billion in gross transaction volume across its opportunistic equity strategies and over $38 billion in gross transactions across its broader real estate platform. With the close of KAREP VII, the firm now has $21 billion in total assets under management. (As of May 2026)

About Kayne Anderson Real Estate
Kayne Anderson Real Estate is a leading real estate investment firm, managing nearly $21 billion in assets under management across opportunistic equity, core equity, and real estate debt, with sector expertise in medical office, seniors housing, off-campus student housing, multifamily housing, self-storage, and light industrial. Kayne Anderson Real Estate is part of Kayne Anderson, an approximately $43 billion alternative investment management firm with more than 41 years of successful experience across real estate, infrastructure, energy, and credit. For more information, visit www.kayneanderson.com/real-estate/.

Media Contacts:
Kayne Anderson Real Estate
Jon Keehner / Madeline Jones
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

SOURCE Kayne Anderson Real Estate