CRE Investments Grow with Kayne Anderson’s $4.6B Capital Raise

Kayne Anderson Real Estate raises $1.69B to grow its $4.6B in CRE investments across multifamily, medical office, and student housing.

June 19, 2025

Valerija I.

Kayne Anderson Real Estate raised $1.69B in a new fund, exceeding its $1.5B goal.
The firm now holds more than $4.6B in deployable capital for CRE investments.
Target sectors include multifamily, student housing, senior living, and medical office.
The company has deployed $2.2B over the past 12 months and manages $5.5B in debt capital overall.

Key Takeaways

Fundraising Milestone

According to GlobeSt, Kayne Anderson Real Estate has significantly expanded its investment capacity for CRE investments. Its latest fund, Anderson Real Estate Opportunistic Debt II, secured $1.69B—surpassing the original $1.5B target. Both new and existing institutional investors backed the fund.

Strategy and Focus

The firm plans to invest across both debt and equity strategies. It will target assets in secondary markets, including Freddie Mac structured products, CMBS, and loan purchases. The company will focus on sectors where it already has deep experience: multifamily, student housing, senior housing, and medical office.

Recent Activity

Over the past year, the Florida-based firm deployed $2.2B. Its debt platform now manages $5.5B in total. This new fund pushes Kayne Anderson’s dry powder to more than $4.6B.

Executive Insight

“Our debt platform reflects our ability to deliver strong, risk-adjusted returns in any market,” said David Selznick, chief investment officer. He added that the firm will use its experience and relationships to find investments in today’s capital-constrained market.

Strategic Partnerships

Earlier this year, Kayne Anderson partnered with BKM Capital Partners to invest $1.5B in light industrial assets. The duo is focusing on multi-tenant properties priced below replacement cost or offered at discounts.

Market Context

A recent Newmark report shows positive signs in CRE capital markets. Debt originations rose 42% in Q1 2025 compared to last year. Investment sales also grew by 18%, though still lag 2017–2019 averages.

Why It Matters

Kayne Anderson’s capital base gives it a major edge in seizing CRE investment opportunities amid ongoing market dislocation. With CRE markets slowly recovering, the firm is well-positioned to provide liquidity and capture value.