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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 15, 2024
 
Sculptor Diversified Real Estate Income Trust, Inc. 
(Exact Name of Registrant as Specified in its Charter)
 
 Maryland
 000-56566 88-0870670
(State or Other Jurisdiction
of Incorporation)
 
(Commission
File Number)
 
(IRS. Employer
Identification No.)
9 West 57th Street, 40th Floor
New York, NY 10019
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (212) 790-0000

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act: None

Title of each class
Trading
Symbol(s)
Name of each exchange on which registered

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒



Item 8.01. Other Events.

October 31, 2024 Net Asset Value (“NAV”) per Share

On November 15, 2024, Sculptor Diversified Real Estate Income Trust, Inc. (“we” or “us”) released the NAV per share for each share class of our common stock as of October 31, 2024, which amounts are as follows:

NAV per Share
Class E
$11.0554 
Class F$10.9244 
Class FF$10.7995 
Class AA$10.8058 
Class A$10.7379 
NAV Calculation

We calculate NAV per share in accordance with the valuation guidelines that have been approved by our board of directors. Our total NAV presented in the following tables includes the NAV of our Class E, Class F, Class FF, Class AA and Class A common shares, which were reduced by the noncontrolling interests in our consolidated subsidiaries.

The following table provides a breakdown of the major components of our NAV as of October 31, 2024 (amounts in thousands, except share/unit data):

Components of NAV
Investments in real estate, net (including goodwill)
$561,000 
Investment in an unconsolidated joint venture1,800 
Cash and cash equivalents
28,588 
Restricted cash
10,406 
Receivables
849 
Other assets
3,230 
Mortgages, credit facility and financing obligations, net
(260,938)
Accounts payable and other liabilities
(12,221)
Management fee payable(230)
Due to related parties(113)
Accrued performance participation allocation(1,243)
Noncontrolling interest in the consolidated subsidiaries(63,409)
Net Asset Value
$267,719 
Number of outstanding shares/units
24,594,288 
The following table provides a breakdown of our total NAV and NAV per share/unit by class as of October 31, 2024 (amounts in thousands, except share/unit and per share/unit data):
NAV per share
Class E SharesClass F SharesClass FF SharesClass AA SharesClass A Shares
Operating Partnership Units(1)
Total
NAV
$2,681 $175,444 $67,683 $19,438 $793 $1,680 $267,719 
Number of outstanding shares/units
242,517 16,059,865 6,267,299 1,798,841 73,834 151,932 24,594,288 
NAV Per Share/Unit
$11.0554 $10.9244 $10.7995 $10.8058 $10.7379 $11.0554 $10.8854 
___________________________________________
(1) Includes the partnership interests of Sculptor Diversified REIT Operating Partnership LP held by Sculptor Diversified REIT Special Limited Partner LP.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


Sculptor Diversified Real Estate Income Trust, Inc.
By:/s/ Herbert A. Pollard
Name:
Herbert A. Pollard
Title:Chief Financial Officer
Date:November 15, 2024