Kayne Anderson Real Estate Closes Opportunistic Real Estate Debt Fund Above Target at $1.7 Billion

Close Brings Dry Powder Across the Firm's Debt and Equity Strategies to More Than $4.6 Billion

BOCA RATON, Fla., June 17, 2025 /PRNewswire/ -- Kayne Anderson Real Estate (or the "Firm"), the real estate private equity arm of Kayne Anderson, today announced the close of Kayne Anderson Real Estate Opportunistic Debt II ("KAROD II" or the "Fund") with $1.685 billion in aggregate capital commitments, surpassing its original target of $1.5 billion. The Firm received broad institutional support from a diverse group of new and existing investors, and with this final close, Kayne Anderson Real Estate now has more than $4.6 billion in dry powder available to deploy across its debt and equity strategies.

KAROD II seeks to generate strong, risk-adjusted returns, leveraging Kayne Anderson Real Estate's specialized knowledge, deep industry relationships and sourcing advantages across medical office, seniors housing, multifamily and student housing. The Fund will opportunistically pursue attractive commercial real estate debt investments and execute on opportunities in secondary market purchases of Freddie Mac structured products, loan purchases and commercial mortgage-backed securities (CMBS). This strong fundraise builds on Kayne Anderson Real Estate's recent momentum and deal activity across its debt strategy. In the last 24 months, the platform has deployed more than $3.9 billion, with $2.2 billion deployed in the last 12 months alone.

"Our first opportunistic debt fund capitalized on the significant dislocation in the immediate aftermath of the pandemic and delivered exceptional outcomes to our investors. Today, we believe the market is underestimating risk, with $1.6 trillion of loans set to mature by the end of 2026, we are incredibly well-positioned to take advantage of ongoing market dislocation with over $2.7 billion of dry powder across our debt platform," said Al Rabil, CEO of Kayne Anderson and Co-Founder and CEO of Kayne Anderson Real Estate. "This successful fundraise reflects the dedication of our experienced team, and we are grateful to our investors for their continued conviction in the Kayne Anderson Real Estate platform."

"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," said David Selznick, Chief Investment Officer, Kayne Anderson Real Estate. "KAROD II will capitalize on market dislocation while providing critical liquidity solutions for borrowers in our sectors of focus. We look forward to leveraging our deep experience and relationships to source and structure attractive investments in this capital constrained market."

This successful fundraise builds on Kayne Anderson Real Estate's $5.5 billion debt platform.

About Kayne Anderson Real Estate
Kayne Anderson Real Estate is a leading real estate investment firm, managing approximately $18 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, and self-storage. Kayne Anderson Real Estate is part of Kayne Anderson, a $38 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/. (As of May 2025)

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SOURCE Kayne Anderson Real Estate