Real Estate Investment - Analyst or Associate - Tokyo

KKR is a global investment firm with nearly five decades of investment management experience with ~US$774 billion in AUM as of December 31, 2025. KKR is headquartered in New York and has a presence in 36 cities across four continents – combining local expertise with a global perspective.

KKR globally manages investments across multiple asset classes, including private equity, real assets, and credit strategies. In addition, KKR Capital Markets supports our firm, portfolio companies, and clients by providing tailored capital markets advice and financing solutions. KKR Capstone, with a mission to create value for all of our stakeholders by identifying and delivering sustainable operational performance within KKR portfolio companies, is also an integral part of the firm’s overall approach to value creation. KKR’s Client Solutions team seeks to diversify KKR’s client base to include new investors across all regions and institution types, including a growing focus on individual, private wealth investors.

KKR first established its presence in Asia Pacific in 2005. Since then, KKR has grown to approximately US$80 billion in AUM across all asset classes and strategies, including private equity, infrastructure, real estate, credit, impact, and growth equity. In Asia Pacific, KKR has ~600 executives working across business functions and asset classes with offices in Beijing, Gurugram, Hong Kong, Mumbai, Seoul, Shanghai, Singapore, Sydney, and Tokyo. While nearly all executives are local to their market – and are adept at proprietary sourcing, relationship building, and best practices considerations within their markets – each executive works closely with KKR’s team worldwide to leverage the firm’s experience and expertise.

KKR has a very collaborative culture where an individual’s success is the result of good skills and acumen in the role and ability to leverage the whole firm. They think in terms of “we”, not “I” and we know we are better together than one single person – no matter how skilled that person is. “One Firm,” collaboration, operating with “like and trust” are core to how KKR operates. The person who joins in this role is joining a Real Estate Investment team but also a team of ~4,600 people across the firm and we all work together to support each other in delivering the best of KKR to our companies and clients. They are all on the same team. They operate with one P&L where most places have silos. It’s not for everyone but their one team mindset keeps KKR special and enables them to achieve great things for their clients. 

For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com.

Real Estate Overview

KKR Real Estate was founded in 2011 on the belief that a dedicated real estate team with access to KKR's global investment platform could create differentiated deal flow and compelling risk-adjusted returns for investors. KKR Real Estate is a global solutions provider across the capital structure in the real estate industry, with investments spanning equity, debt, and special situations, as well as businesses with significant real estate exposure.

As of December 2025, KKR's Real Assets platform manages approximately $192 billion in AUM, including $86 billion in Real Estate and $106 billion in Infrastructure. The Real Estate team comprises approximately 124 professionals globally as of January 2026, forming part of a broader Real Assets platform that benefits from deep integration across strategies and markets.

Led by Raj Agrawal, Global Head of Real Assets and Ralph Rosenberg, Chairman of KKR Real Assets, the platform leverages KKR's global brand, relationships, and investment expertise to source and execute compelling opportunities. The integrated real estate equity and credit platform provides enhanced access to market intelligence, structuring expertise, and differentiated investment insights.

Position Description & Responsibilities

KKR Japan seeks to recruit a highly motivated professional for a Real Estate Analyst / Associate role. The candidate will be actively involved across the full investment lifecycle — sourcing, underwriting, execution, and asset management — with a focus on Japan.

Investment Evaluation & Execution

• Lead evaluation of investment opportunities across asset classes and transaction structures in Japan
• Build and own financial models; conduct detailed underwriting and risk analysis
• Prepare investment memoranda and present to internal investment committees
• Lead due diligence, deal structuring, and negotiation of transaction terms
• Review and negotiate key legal documentation including purchase agreements, loan agreements, and JV structures

Sourcing

• Develop investment themes and drive pipeline generation across target sectors including logistics, office, multifamily, hospitality, and data centers
• Build and maintain active relationships with brokers, developers, corporate advisors, and other market participants
• Work closely with KKR's Private Equity, Infrastructure, and Credit teams to identify and execute real estate opportunities arising from corporate carve-outs, balance sheet restructurings, and activist-driven asset disposals

Asset Management

• Lead execution of business plans post-investment, including leasing strategy, capital expenditure programs, and financing optimization
• Drive value creation initiatives and manage exit processes including broker selection and buyer qualification
• Work closely with KJRM, KKR's dedicated real estate asset management platform in Japan, to manage assets and drive performance across the portfolio
• Oversee investor reporting for relevant portfolio assets

Qualifications

• 3–5 years of experience in investment banking or private equity investing; real estate experience is not required
• Strong analytical and financial modeling skills; ability to lead complex underwriting independently
• Excellent written and verbal communication abilities
• High attention to detail, strong work ethic, and sound investment judgment
• Ability to lead and collaborate effectively in a fast-paced, deal-driven environment
• Full professional fluency in Japanese and English required