# KREST Q4 Redemptions Fall Below Cap for First Time in a Year as NAV Continues to Slip

Canonical page: https://sequoia-research.com/news/krest-q4-redemptions-fall-below-cap-for-first-time-in-a-year-as-nav-continues-to-slip-cdd8b955

Author: Sequoia Research
Published: 2026-10-20T19:22:59.751Z
Updated: 2026-10-24T02:41:33.287Z
Original source: [AltsWire](https://altswire.com/krest-q4-redemptions-fall-below-cap-for-first-time-in-a-year-as-nav-continues-to-slip/)
Source published: 2026-10-20T18:47:13.000Z
Type: News
Topics: Alternative Investments

KKR Real Estate Select Trust accepted all shares submitted in its tender that expired October 16, AltsWire reports. Purchases totaled approximately $52 million at $22.75 per share, representing 3.67% of NAV and falling below the fund's 5% quarterly limit. This was its first quarter of below-limit demand in a year.

The liquidity result accompanied continued valuation declines: NAV subsequently reached $22.71 per share on October 19. In September, a KKR affiliate contributed roughly 1.9 million Class I shares for cancellation under the shareholder priority plan. Additional comparable quarterly contributions are expected by KKR but are not obligatory, and the tender result does not establish future repurchase availability.

[Read the original](https://altswire.com/krest-q4-redemptions-fall-below-cap-for-first-time-in-a-year-as-nav-continues-to-slip/)

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This Sequoia Research summary was prepared with AI assistance from the credited source. It is not independent verification of the source’s claims. The original publisher retains authorship of its reporting; follow the source link for the complete article.

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