Sculptor Diversified Real Estate Income Trust, Inc. 8K

Sculptor Diversified Real Estate Income Trust, Inc. formed joint ventures to acquire the JW Marriott Marco Island Beach Resort for $835 million, funded largely by mortgage debt and a $60.2 million equity contribution, and recorded the investment at fair value with related pro forma balance sheet adjustments as of March 31, 2026.

On May 1, 2026, Sculptor Diversified Real Estate Income Trust, Inc., through its wholly owned subsidiary MIH Investor LLC, entered into a joint venture (MIH Member JV) with three affiliated Sculptor-managed funds, initially committing $87.0 million for a 33% interest that was later diluted to 27% after additional capital from MI Fund, which now holds management control. On the same date, MIH Member JV formed a second joint venture (MIH JV) with Trinity Hotel Acquisitions LLC (85%/15% split) that acquired the JW Marriott Marco Island Beach Resort in Florida for $835.0 million, funded by a $690.0 million mortgage and equity contributions, including approximately $60.2 million from MIH Investor LLC. The company elected the fair value option for its equity method investment in MIH Member JV and therefore provided an unaudited pro forma condensed consolidated balance sheet as of March 31, 2026, reflecting the investment and funding structure but no pro forma income statement, with the transaction financed through cash on hand, prior deposits, and a capital commitment draw that resulted in issuance of Class E shares.

Filing Facts

CIK

1914496

Ticker

-

Form

8K

Source Type

sec

Accession

0001914496-26-000125

Alert Tier

7