Day: May 21, 2022
NEW YORK, May 18, 2022–(BUSINESS WIRE)–KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) announced today that Matt Salem, Chief Executive Officer, will present at Nareit’s REITweek: 2022 Investor Conference on Tuesday, June 7, 2022, at 10:15 AM ET.
A live audio webcast of the presentation will be available on the Investor Center section of KREF’s website at http://www.kkrreit.com/investor-relations/events-and-presentations. For those unable to listen to the live audio webcast, a replay will be available on the website shortly after the event.
About KKR Real Estate Finance Trust Inc.
KREF is a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate properties. KREF is externally managed and advised by an affiliate of KKR & Co. Inc. For additional information about KREF, please visit its website at www.kkrreit.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220518005874/en/
You are the Maintenance Manager for a 20,000-unit multifamily portfolio.
About 7,000 of those units have been acquired in the last year. The acquisitions team is saying there will be another 12,000 this year.
Meanwhile, your team has only grown marginally. Truth is, even if you had the time and budget to hire the staff you need, there simply aren’t enough people in the labor pool to hire.
So, you’ll continue with what you’ve got.
The stated goal of these acquisitions is to bring best practices to the property management and operations to maximize controllable NOI.
But the first step is just figuring out what exists.
Some of the properties are garden style, so that makes it relatively easy from a critical equipment perspective. But whether it’s garden style or high-rise properties, 12,000 additional units means 12,000 additional refrigerators, thousands of washers and dryers, and an unknown number of small
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