X0306 4 2018-11-30 0001631596 KKR Real Estate Finance Trust Inc. KREF 0001704701 Lee Christen E.J. C/O KKR REAL ESTATE FINANCE TRUST INC., 9 WEST 57TH STREET, SUITE 4200 NEW YORK NY 10019 true Co-CEO and Co-President Common Stock 2018-11-30 4 P 0 5000 19.45 A 95203.071 D Common Stock 2018-11-30 4 P 0 1000 19.45 A 3000 I See footnote Common Stock 2018-11-30 4 P 0 2400 19.35 A 5000 I See footnote Held by the Reporting Person's spouse. Held by the Reporting Person's children. Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended, the Reporting Person states that this filing shall not be an admission that the Reporting Person is the beneficial owner of any of the securities reported herein as indirectly owned, and the Reporting Person disclaims beneficial ownership of such securities except to the extent of the Reporting Person's pecuniary interest therein. /s/ Christen E.J. Lee 2018-12-03