Fran Bermanzohn Reports Acquisition of Additional KKR Real Estate Select Trust Shares

Fran Bermanzohn, a director and key figure at KKR Real Estate Select Trust Inc., reported an increase in the beneficial ownership of the company’s shares through an acquisition on September 30, 2024. According to the recent disclosure, Bermanzohn added 740.521 shares of Class I Common Stock. This acquisition was conducted at a price of $0 per share, highlighting the purchase as part of a transaction not made on the open market.

The filing specifies that the transaction took place through the company’s dividend reinvestment plan, allowing shareholders to acquire additional stock through the reinvestment of dividends. As of the end of the reported transaction, Bermanzohn now directly holds a total of 8,894.417 shares of Class I Common Stock, underscoring the director's growing stake in the firm.

KKR Real Estate Select Trust is a part of the larger KKR organization, an investment firm known for its focus on alternative asset management, real estate investment, and private equity. This transaction continues to align with the firm's strategy to bolster insider investment and increase ownership alignment between its directors and its performance.

Given the nature of this recent share acquisition, the filing demonstrates the ongoing confidence Bermanzohn holds in the company’s performance and future outlook. The alignment of directors’ interests with those of shareholders is often seen as a positive indicator for corporate governance and potential stock performance.