# EDGAR Filing Document

**Accession Number:** 0001875084
**File Stem:** 0000940400-25-011186
**Filing Date:** 2025-11
**Character Count:** 11811
**Document Hash:** 6ae85ceefefa7a7fce844e7ca5864f91
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011186.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000940400-25-011186

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PGIM Private Real Estate Fund, Inc.
- **CENTRAL INDEX KEY:** 0001875084

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23739
- **FILM NUMBER:** 251531608

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FL
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** (862) 302-9412

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **STREET 2:** 6TH FL
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102

## Nport-Ex

#### PGIM Private Real Estate Fund, Inc.

#### Consolidated Schedule of Investments as of September 30, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Description** |  | &nbsp;&nbsp;**Value** |
| **Long-Term Investments 92.5%** | **Long-Term Investments 92.5%** |  |
| **Private Real Estate 81.7%** | **Private Real Estate 81.7%** |  |
| **MAJORITY-OWNED SUBSIDIARIES** | **MAJORITY-OWNED SUBSIDIARIES** |  |
| **INVESTMENTS IN NON-CONSOLIDATED JOINT VENTURES(pp)** | **INVESTMENTS IN NON-CONSOLIDATED JOINT VENTURES(pp)** |  |
| **Industrial — 35.3%** | **Industrial — 35.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1011 Buffalo Run Dr., Missouri City, Texas^ | &nbsp;&nbsp; $5322294 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1735 Jersey Avenue, North Brunswick, New Jersey^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34123968 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2601 4th Avenue East, Shakopee, Minnesota^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40263014 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3730 S. Main St., Pearland, Texas^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15215706 |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94924982 |  |
| **Multifamily — 26.6%** | **Multifamily — 26.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Napa Green Apartments, Napa, California^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19835505 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;The Ardent, Mill Creek, Washington^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51789010 |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71624515 |  |
| **Retail — 19.8%** | **Retail — 19.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;East Gate Marketplace, Chantilly, Virginia^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25952435 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Monarch Town Center, Miramar, Florida^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27413793 |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53366228 |  |
| **TOTAL INVESTMENTS IN NON-CONSOLIDATED JOINT VENTURES<br> (cost $206,516,767)(wc)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219915725 |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | **Principal<br> Amount<br> (000)#** |  |
| **REAL ESTATE LENDING 10.8%** |  |  |  |  |
| **INVESTMENTS IN REAL ESTATE LOANS 10.8%** |  |  |  |  |
| **Multifamily** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Capodagli NJ TOD Portfolio Mezzanine Loan, Bound Brook and Hackensack, New Jersey^(a)<br> (cost $28,775,000) | 11.000% | &nbsp;&nbsp;07/03/30 | &nbsp;&nbsp;28775 | &nbsp;&nbsp;&nbsp;28968432 |
| **Total Long-Term Investments<br> (cost $235,291,767)** |  |  |  | &nbsp;&nbsp;248884157 |

---

------

#### PGIM Private Real Estate Fund, Inc.

#### Consolidated Schedule of Investments as of September 30, 2025 (unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **Short-Term Investment 7.9%** | **Short-Term Investment 7.9%** | **Short-Term Investment 7.9%** |
| **Affiliated Mutual Fund** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Core Government Money Market Fund (7-day effective yield 4.308%)<br> (cost $21,176,895)(wc) | &nbsp;&nbsp;21176895 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $21176895 |
| **TOTAL INVESTMENTS 100.4%<br> (cost $256,468,662)** | **TOTAL INVESTMENTS 100.4%<br> (cost $256,468,662)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270061052 |

---

---

| | | |
|:---|:---|:---|
| Series A Preferred Stock, at liquidation value (0.0)% | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(125000) |
| Liabilities in excess of other assets (0.4)% | Liabilities in excess of other assets (0.4)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(916298) |
| **Net Assets 100.0%** | **Net Assets 100.0%** | $269019754 |

---

------

---

| | |
|:---|:---|
| # | Principal amount is shown in U.S. dollars unless otherwise stated. |
| ^ | Indicates a Level 3 investment. The aggregate value of Level 3 investments is $248,884,157 and 92.5% of net assets. |
| (a) | The interest rate shown reflects the rate in effect through July 3, 2029; and the rate thereafter will be 11.500%. |
| (pp) | The Fund's contractual ownership in the joint venture prior to the impact of promote structures ranges from 89.0% to 99.0% of the venture. |
| (wc) | Represents an investment affiliated with the Manager. |

---

*Other information regarding the Fund is available in the Fund's most recent Report to Shareholders. This information is available on the Securities and Exchange Commission's website (www.sec.gov).*

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** PGIM Private Real Estate Fund, Inc.

- **b. Investment Company Act file number:** 811-23739

- **c. CIK number of Registrant:** 0001875084

- **d. LEI of Registrant:** 5493007OHIOVQAIGMO15

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 655 Broad Street

  - **City:** Newark

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07102-4077

  - **Telephone number:** (862) 302-9412

**Item A.2. Information about the Series.**

- **a. Name of Series:** PGIM Private Real Estate Fund, Inc.

- **c. LEI of Series:** 5493007OHIOVQAIGMO15

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $270310034.81

**Total Liabilities:** $1287869.81

**Net Assets:** $269022165.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000004 | 0.64%                | 0.56%                | 0.08%                |
| Class ID C000000002 | 0.65%                | 0.61%                | 0.16%                |
| Class ID C000000001 | 0.67%                | 0.66%                | 0.15%                |
| Class ID C000000003 | 0.64%                | 0.56%                | 0.08%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $1683182.00                                |
| Month 2  | $0.00                    | $841375.14                                 |
| Month 3  | $0.00                    | $-343062.00                                |

### Schedule of Portfolio Investments

| Name                                             | Title                                            | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Capodagli Mezz - Preferred Equity                | Capodagli Mezz - Preferred Equity                | CUSIP: 000000000<br>LEI: N/A | Long             | EP               | CORP              | US        |         1 | NS      | $28968432.00  | 10.77%            |  |  |  | No            |                  3 | On Loan: No      |
| Pearland Industrial                              | Pearland Industrial                              | CUSIP: 000000000<br>LEI: N/A | Long             | RE               | CORP              | US        |         1 | OU      | $15215706.00  | 5.66%             |  |  |  | No            |                  3 | On Loan: No      |
| The Ardent                                       | The Ardent                                       | CUSIP: 000000000<br>LEI: N/A | Long             | RE               | CORP              | US        |         1 | OU      | $51789010.00  | 19.25%            |  |  |  | No            |                  3 | On Loan: No      |
| (PIPA070) PGIM Core Government Money Market Fund | (PIPA070) PGIM Core Government Money Market Fund | CUSIP: 000000000<br>LEI: N/A | Long             | STIV             | RF                | US        |  21107655 | NS      | $21107654.53  | 7.85%             |  |  |  | No            |                  1 | On Loan: No      |
| 1735 Jersey Avenue                               | 1735 Jersey Avenue                               | CUSIP: 000000000<br>LEI: N/A | Long             | RE               | CORP              | US        |         1 | OU      | $34123968.00  | 12.68%            |  |  |  | No            |                  3 | On Loan: No      |
| Shakopee (Amazon)                                | Shakopee (Amazon)                                | CUSIP: 000000000<br>LEI: N/A | Long             | RE               | CORP              | US        |         1 | OU      | $40263014.00  | 14.97%            |  |  |  | No            |                  3 | On Loan: No      |
| Monarch Town Center                              | Monarch Town Center                              | CUSIP: 000000000<br>LEI: N/A | Long             | RE               | CORP              | US        |         1 | OU      | $27413793.00  | 10.19%            |  |  |  | No            |                  3 | On Loan: No      |
| Napa Green Apartments                            | Napa Green Apartments                            | CUSIP: 000000000<br>LEI: N/A | Long             | RE               | CORP              | US        |         1 | OU      | $19835505.00  | 7.37%             |  |  |  | No            |                  3 | On Loan: No      |
| Buffalo Run                                      | Buffalo Run                                      | CUSIP: 000000000<br>LEI: N/A | Long             | RE               | CORP              | US        |         1 | OU      | $5322294.00   | 1.98%             |  |  |  | No            |                  3 | On Loan: No      |
| East Gate Marketplace                            | East Gate Marketplace                            | CUSIP: 000000000<br>LEI: N/A | Long             | RE               | CORP              | US        |         1 | OU      | $25952435.00  | 9.65%             |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-26

**Name of Applicant:** PGIM Private Real Estate Fund, Inc.

**Signature:** Christian J. Kelly

**Name of Signer:** Christian J. Kelly

**Title:** Chief Financial Officer