Exhibit 21.1
Subsidiaries of the Registrant
As of December 31, 2016
Subsidiary |
| Jurisdiction of Organization |
KKR Real Estate Finance Holdings L.P. |
| Delaware |
KREF Capital LLC |
| Delaware |
KREF Capital TRS LLC |
| Delaware |
KREF Holdings I LLC |
| Delaware |
KREF Holdings II LLC |
| Delaware |
KREF Holdings III LLC |
| Delaware |
KREF Holdings IV LLC |
| Delaware |
KREF Holdings V LLC |
| Delaware |
KREF Lending I LLC |
| Delaware |
KREF Lending II LLC |
| Delaware |
KREF Lending III LLC |
| Delaware |
KREF Lending IV LLC |
| Delaware |
KREF Lending V LLC |
| Delaware |
KREF Management Unit Holdings LLC |
| Delaware |
KREF Securities Holdings, LLC |
| Delaware |
KREF Securities Holdings II, LLC |
| Delaware |
KREFT 625NMA, LLC |
| Delaware |
KREFT REOC, LLC |
| Delaware |
KREF TRS Lending III LLC |
| Delaware |
REFH 909 Half Street Investors LLC |
| Delaware |
REFH 909 Half Street Investors TRS LLC |
| Delaware |
REFH Holdings LLC |
| Delaware |
REFH SR Mezz LLC |
| Delaware |