Item 3.02 Unregistered Sales of Equity Securities.
On December 1, 2025, Sculptor Diversified Real Estate Income Trust, Inc. (the "Company") issued the following shares based on the respective net asset value per share as of October 31, 2025.
The following table details the shares issued and gross proceeds:
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Number of Shares Issued
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Gross Proceeds
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Class E Shares(1)
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1,521,969
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$
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17,184,089
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Class AA Shares(2)
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78,199
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865,000
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Class A Shares
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6,955
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74,850
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Total
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1,607,123
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$
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18,123,939
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_______________________________________
(1) Includes 16,224 shares at $183,182 issued to Sculptor Advisors LLC as payment for accrued management fees.
(2) Includes sales load fees of $15,000 for Class AA Shares.
On December 1, 2025, Sculptor Diversified REIT Operating Partnership, LP (the "Operating Partnership"), a subsidiary of the Company, issued 22,142 Class E units in the Operating Partnership to Sculptor Diversified REIT Special Limited Partner LP (the "Special Limited Partner") based on the net asset value per unit as of October 31, 2025, for an aggregate purchase price of $250,000. The Special Limited Partner has the right to require the Operating Partnership to redeem all or a portion of its Class E Units at any time for Class E shares in the Company or cash, at the Special Limited Partner's election.
On November 12, 2025, the Company, pursuant to its distribution reinvestment plan, issued the following shares based on the respective net asset value per share as of September 30, 2025:
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Number of Shares Issued
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Purchase Price
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Class E Shares(1)
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2,673
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$
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30,081
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Class F Shares
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138
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1,524
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Class FF Shares
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22,902
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249,382
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Class AA Shares
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23,350
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253,479
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Class A Shares
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963
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10,348
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Class I-S Shares
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303
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3,243
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Total
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50,329
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$
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548,057
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_______________________________________
(1)Includes distributions of 111 Class E restricted shares at $1,245 in connection with the restricted stock held by our independent directors under our independent director compensation plan.
The offer, sale, and issuance of these shares and units were exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2), Regulation D and/or Regulation S thereunder.
Item 7.01. Regulation FD Disclosure.
November 2025 Distributions
On November 30, 2025, the Company declared distributions for each class of its common stock in the amounts per share set forth below:
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Gross Distribution
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Distribution Fees
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Net Distribution
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Class E Shares
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$
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0.0645
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$
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-
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$
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0.0645
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Class F Shares
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$
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0.0645
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$
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-
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$
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0.0645
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Class FF Shares
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$
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0.0645
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$
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0.0045
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$
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0.0600
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Class A Shares
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$
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0.0645
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$
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-
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$
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0.0645
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Class AA Shares
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$
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0.0645
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$
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0.0045
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$
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0.0600
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Class I-S Shares
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$
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0.0645
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$
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-
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$
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0.0645
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The net distributions for each class of common stock (which represents the gross distributions less distribution fees for the applicable class of common stock) are payable to stockholders of record immediately following the close of business on November 30, 2025 and will be paid on or about December 12, 2025. These distributions will be paid in cash or reinvested in shares of the Company's common stock for stockholders participating in the Company's distribution reinvestment plan.