# EDGAR Filing Document

**Accession Number:** 0001691570
**File Stem:** 0001193125-26-234153
**Filing Date:** 2026-5
**Character Count:** 12529
**Document Hash:** b64dce56a8dbff68b812bf38a01bba19
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-234153.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0001193125-26-234153

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** USQ Core Real Estate Fund
- **CENTRAL INDEX KEY:** 0001691570

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23219
- **FILM NUMBER:** 261007731

**BUSINESS ADDRESS:**
- **STREET 1:** 235 WHITEHORSE LANE, SUITE 200
- **CITY:** KENNETT SQUARE
- **STATE:** PA
- **ZIP:** 19348
- **BUSINESS PHONE:** (610) 925-3120

**MAIL ADDRESS:**
- **STREET 1:** 235 WHITEHORSE LANE, SUITE 200
- **CITY:** KENNETT SQUARE
- **STATE:** PA
- **ZIP:** 19348

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** USQ Core Real Estate Fund

- **b. Investment Company Act file number:** 811-23219

- **c. CIK number of Registrant:** 0001691570

- **d. LEI of Registrant:** 549300NGJLL0OESME135

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

  - **Street Address 1:** 235 Whitehorse Lane

  - **City:** Kennett Square

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19348

  - **Telephone number:** 484-731-3101

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

- **a. Name of Series:** USQ Core Real Estate Fund

- **c. LEI of Series:** 549300NGJLL0OESME135

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $145338933.97

**Total Liabilities:** $259138.11

**Net Assets:** $145079795.86

**Cash Not Reported:** $1127791.42

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.09%               | 0.14%                | 0.21%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4061531.87              | $-4206855.10                               |
| Month 2  | $1209820.39              | $-967158.92                                |
| Month 3  | $-45302.91               | $308223.48                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| CBRE U.S. CORE PARTNERS, LP                | CBRE U.S. CORE PARTNERS, LP                | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 7657534   | NS      | $11439941.95  | 7.89%             |  |  |  | Yes           | N/A                | On Loan: No      |
| BGO DAILY VALUE FUND LP CLASS F            | BGO DAILY VALUE FUND LP CLASS F            | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 165399    | NS      | $2094167.93   | 1.44%             |  |  |  | Yes           | N/A                | On Loan: No      |
| JPMorgan US Government Money M             | JPMorgan US Government Money Market Fund   | CUSIP: 4812C0688<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        | 98815     | NS      | $98815.01     | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Invesco Government & Agency Po             | Invesco Government & Agency Portfolio      | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        | 326255    | NS      | $326255.33    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| RREEF AMERICA II LP                        | RREEF AMERICA II LP                        | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 43057     | NS      | $5487967.14   | 3.78%             |  |  |  | Yes           | N/A                | On Loan: No      |
| BARINGS CORE PROPERTY FUND, LP             | BARINGS CORE PROPERTY FUND, LP             | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 30871     | NS      | $3513572.20   | 2.42%             |  |  |  | Yes           | N/A                | On Loan: No      |
| BGO DIVERSIFIED US PROPERTY FUND           | BGO DIVERSIFIED US PROPERTY FUND           | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 2678      | NS      | $6617254.28   | 4.56%             |  |  |  | Yes           | N/A                | On Loan: No      |
| CLARION LION PROPERTIES FUND, LP           | CLARION LION PROPERTIES FUND, LP           | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 8686      | NS      | $13191083.23  | 9.09%             |  |  |  | Yes           | N/A                | On Loan: No      |
| U.S. REAL PROPERTY INCOME FUND LP          | U.S. REAL PROPERTY INCOME FUND LP          | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        |  | OU      | $36206.87     | 0.02%             |  |  |  | Yes           | N/A                | On Loan: No      |
| LION INDUSTRIAL TRUST                      | LION INDUSTRIAL TRUST                      | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 738       | NS      | $2777034.26   | 1.91%             |  |  |  | Yes           | N/A                | On Loan: No      |
| GWL USPF LP                                | GWL USPF LP                                | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        |  | OU      | $10470751.05  | 7.22%             |  |  |  | Yes           | N/A                | On Loan: No      |
| PRISA LP                                   | PRISA LP                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 3407      | NS      | $7289682.06   | 5.02%             |  |  |  | Yes           | N/A                | On Loan: No      |
| PRINCIPAL ENHANCED PROPERTY FUND L.P.      | PRINCIPAL ENHANCED PROPERTY FUND L.P.      | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 111867    | NS      | $1459458.55   | 1.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| PROLOGIS TARGETED U.S. LOGISTICS FUND LP   | PROLOGIS TARGETED U.S. LOGISTICS FUND LP   | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 1924      | NS      | $5455423.35   | 3.76%             |  |  |  | Yes           | N/A                | On Loan: No      |
| U.S. REAL ESTATE INVESTMENT FUND LLC       | U.S. REAL ESTATE INVESTMENT FUND LLC       | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 3107      | NS      | $3609467.89   | 2.49%             |  |  |  | Yes           | N/A                | On Loan: No      |
| UBS TRUMBULL PROPERTY FUND LP              | UBS TRUMBULL PROPERTY FUND LP              | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 625       | NS      | $5564670.03   | 3.84%             |  |  |  | Yes           | N/A                | On Loan: No      |
| INVESCO CORE REAL ESTATE-U.S.A.            | INVESCO CORE REAL ESTATE-U.S.A.            | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 21        | NS      | $3217495.80   | 2.22%             |  |  |  | Yes           | N/A                | On Loan: No      |
| RREEF CORE PLUS INDUSTRIAL FUND L.P.       | RREEF CORE PLUS INDUSTRIAL FUND L.P.       | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 18007     | NS      | $3984443.33   | 2.75%             |  |  |  | Yes           | N/A                | On Loan: No      |
| US GOVERNMENT BUILDING FUND                | US GOVERNMENT BUILDING FUND                | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        |  | OU      | $5227605.28   | 3.60%             |  |  |  | Yes           | N/A                | On Loan: No      |
| AEW CORE PROPERTY (U.S.), L.P.             | AEW CORE PROPERTY (U.S.), L.P.             | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 7445      | NS      | $7680430.53   | 5.29%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ASB ALLEGIANCE REAL ESTATE FUND, LP        | ASB ALLEGIANCE REAL ESTATE FUND, LP        | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 3553      | NS      | $4699196.05   | 3.24%             |  |  |  | Yes           | N/A                | On Loan: No      |
| BAILARD REAL ESTATE INVESTMENT TRUST, INC. | BAILARD REAL ESTATE INVESTMENT TRUST, INC. | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 100209    | NS      | $3135960.95   | 2.16%             |  |  |  | Yes           | N/A                | On Loan: No      |
| CIM UII ONSHORE, L.P.                      | CIM UII ONSHORE, L.P.                      | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 6075      | NS      | $7388256.98   | 5.09%             |  |  |  | Yes           | N/A                | On Loan: No      |
| PRIME PROPERTY FUND, LLC                   | PRIME PROPERTY FUND, LLC                   | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 434       | NS      | $8231814.78   | 5.67%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ARA CORE PROPERTY FUND                     | ARA CORE PROPERTY FUND                     | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 22        | NS      | $2681121.14   | 1.85%             |  |  |  | Yes           | N/A                | On Loan: No      |
| BLACKROCK US CORE PROPERTY FUND, L.P.      | BLACKROCK US CORE PROPERTY FUND, L.P.      | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        |  | OU      | $8954811.45   | 6.17%             |  |  |  | Yes           | N/A                | On Loan: No      |
| STRATEGIC PROPERTY FUND                    | STRATEGIC PROPERTY FUND                    | CUSIP: N/A<br>LEI: N/A                        | Long             | RE               | PF                | US        | 576474    | NS      | $6694434.21   | 4.61%             |  |  |  | Yes           | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2026-05-21

**Name of Applicant:** USQ Core Real Estate Fund

**Signature:** /s/Keith Downing

**Name of Signer:** USQ Core Real Estate Fund

**Title:** Treasurer and Principal Financial Officer