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 "markdown": "KREF Loan Portfolio by the Numbers\n\n\n<figure type=\"CHART\">\n\n<description>The figure presents a series of five pie charts categorized into three sections: Investment Type, Interest Rate Type, and Property Type, along with a LEED certification metric. The charts visualize the composition of an investment portfolio.</description><table><tr><th>Category</th><th>Sub-Category</th><th>Percentage</th></tr><tr><td>Investment Type</td><td>Senior Loans</td><td>100%</td></tr><tr><td>Interest Rate Type</td><td>Fixed</td><td>2%</td></tr><tr><td>Interest Rate Type</td><td>Floating</td><td>98%</td></tr><tr><td>Property Type</td><td>Multifamily</td><td>46%</td></tr><tr><td>Property Type</td><td>Office</td><td>21%</td></tr><tr><td>Property Type</td><td>Industrial</td><td>14%</td></tr><tr><td>Property Type</td><td>Life Science</td><td>13%</td></tr><tr><td>Property Type</td><td>Hospitality</td><td>3%</td></tr><tr><td>Property Type</td><td>Other</td><td>3%</td></tr><tr><td>Office (Sub-segment)</td><td>Class-A</td><td>84%</td></tr><tr><td>Office (Sub-segment)</td><td>Class-B</td><td>16%</td></tr><tr><td>Multifamily (Sub-segment)</td><td>Class-A</td><td>75%</td></tr><tr><td>Multifamily (Sub-segment)</td><td>Class-B</td><td>25%</td></tr><tr><td>LEED Certification</td><td>-</td><td>96%</td></tr></table></figure>\n\n<figure type=\"CHART\">Geography\n\n\n\n<description>The figure consists of two choropleth maps displaying geographical distribution data, with a primary header 'Geography'. The maps use a color-coded gradient (light purple to dark purple) to indicate percentage values.</description>\n\n### U.S. Map Data\n<table>\n  <tr>\n    <th>Region/State</th>\n    <th>Percentage</th>\n  </tr>\n  <tr>\n    <td>West (California/Nevada area)</td>\n    <td>15%</td>\n  </tr>\n  <tr>\n    <td>Texas</td>\n    <td>11%</td>\n  </tr>\n  <tr>\n    <td>Florida</td>\n    <td>13%</td>\n  </tr>\n  <tr>\n    <td>Virginia/Maryland area</td>\n    <td>8%</td>\n  </tr>\n  <tr>\n    <td>Northeast (NY/NJ/PA area)</td>\n    <td>6%</td>\n  </tr>\n  <tr>\n    <td>Washington, D.C.</td>\n    <td>6%</td>\n  </tr>\n  <tr>\n    <td>Minnesota</td>\n    <td>4%</td>\n  </tr>\n  <tr>\n    <td>Northeast (Maine/Massachusetts area)</td>\n    <td>9%</td>\n  </tr>\n  <tr>\n    <td>Other U.S.</td>\n    <td><4%: 17%</td>\n  </tr>\n</table>\n\n### Europe Map Data\n<table>\n  <tr>\n    <th>Region</th>\n    <th>Percentage</th>\n  </tr>\n  <tr>\n    <td>United Kingdom</td>\n    <td>7%</td>\n  </tr>\n  <tr>\n    <td>Other Europe</td>\n    <td><4%: 4%</td>\n  </tr>\n</table></figure>\n\n(1) KREF classifies a loan as life science if more than 50% of the gross leasable area is leased to, or will be converted to, life science-related space\n(2) \u201cOther\u201d property types include: 2% Student Housing and <1% Mixed Use\n(3) Office property certification % is based on current principal loan balance; see description for LEED certification in the Appendix\n\n\nKREF\n\n\n7\n\n<!-- doc_id=parse-01m38pm46zyrm70yq890vwhkxf -->",
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