Sculptor Diversified Real Estate Income Trust, Inc. 8-K

What Happened

• Sculptor Diversified Real Estate Income Trust, Inc. filed an 8-K on January 7, 2026 reporting unregistered share issuances and a Regulation FD distribution disclosure.
• On January 2, 2026 the company issued a total of 3,112,949 shares based on NAV as of November 30, 2025, generating gross proceeds of $34,678,151. The issuance included 192,280 Class E shares ($2,183,401), 226,848 Class AA shares ($2,494,750), and 2,693,821 Class F shares ($30,000,000). The Class E total includes 16,142 shares ($183,294) issued to Sculptor Advisors LLC as payment for accrued management fees; Class AA proceeds include $19,750 in sales load fees. These issuances were exempt from registration under Section 4(a)(2), Regulation D and/or Regulation S.
• The company also reported share issuances under its distribution reinvestment plan on December 12, 2025: 51,589 shares issued for $562,862 (including 111 restricted Class E shares at $1,256 for independent director compensation).
• The company declared distributions on December 31, 2025 of $0.0648 gross per share for all classes; net distributions (after distribution fees where applicable) range (example) Class FF $0.0601 and Class AA $0.0602. Record date was December 31, 2025 and payment (cash or reinvested) is on or about January 12, 2026.

Key Details

• Total shares issued Jan 2, 2026: 3,112,949 shares for $34,678,151 gross proceeds.
• By class (Jan 2, 2026): Class E 192,280 ($2,183,401; includes 16,142 shares to Sculptor Advisors), Class AA 226,848 ($2,494,750; includes $19,750 sales load), Class F 2,693,821 ($30,000,000).
• DRIP issuance (Dec 12, 2025): 51,589 shares for $562,862, including 111 restricted Class E shares ($1,256) for director compensation.
• Distributions declared (Dec 31, 2025): Gross $0.0648 per share; net after distribution fees e.g., Class FF $0.0601, Class AA $0.0602. Payable on/about Jan 12, 2026; payable in cash or via reinvestment.

Why It Matters

• The company raised meaningful capital (~$34.7M) primarily through Class F share issuances, which increases cash available for operations, investments, or debt service.
• Regular declared distributions ($0.0648 gross per share) and the DRIP activity show the company is continuing routine cash distributions and offering reinvestment options to shareholders.
• Investors should note small differences in net distribution by share class due to distribution fees, and that the reported share issuances were private/exempt placements (not registered public offerings).
• The 8-K was signed by CFO Ellen Conti and filed January 7, 2026.