KKR Real Estate Select Trust — KKR Alternative Assets LLC Cancels 1.93M Shares

What Happened

• KKR Alternative Assets LLC, reported as a 10% owner, disposed of 1,933,109 Class I shares of KKR Real Estate Select Trust on 2026-09-16. The shares were contributed to the issuer for no consideration and will be permanently cancelled by the company. The Form 4 reports the disposition under transaction code J (other acquisition/disposition); no per-share price or value is given.

Key Details

• Transaction date: 2026-09-16; Form 4 filed: 2026-09-18 (filed two days after the transaction).
• Shares affected: 1,933,109 Class I common shares; consideration: none (shares to be cancelled), so value reported as N/A.
• Transaction code: J (other acquisition/disposition).
• Footnotes: F1 describes the contribution under an amended Shareholder Priority Plan and NAV Support Agreement (effective Sept 1, 2026). F2 details the KKR ownership chain. F3 is the usual disclaimer of beneficial ownership by reporting persons.
• Filing timeliness: No late-filing indication; form filed within the typical two-business-day window.

Context

• This was an institutional contribution and cancellation of shares (not a personal sale by an executive). Such cancellations reduce shares outstanding, but the filing is a disclosure of a corporate/contractual action rather than a trading signal about insider sentiment.