# EDGAR Filing Document

**Accession Number:** 0001875084
**File Stem:** 0000940400-26-021363
**Filing Date:** 2026-5
**Character Count:** 12130
**Document Hash:** d519d5e5c7a0630ac2e57c72cb6cba22
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-021363.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0000940400-26-021363

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260527

**DATE AS OF CHANGE**: 20260527

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PGIM 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:** 261024766

**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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PGIM Private Real Estate Fund, Inc.
- **DATE OF NAME CHANGE:** 20210726

## Nport-Ex

#### PGIM Real Estate Fund, Inc.

#### Consolidated Schedule of Investments as of March 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
| **Description** |  | &nbsp;&nbsp;**Value** |
| **Long-Term Investments 88.3%** | **Long-Term Investments 88.3%** |  |
| **Private Real Estate 78.5%** | **Private Real Estate 78.5%** |  |
| **AFFILIATED MAJORITY-OWNED SUBSIDIARIES** | **AFFILIATED MAJORITY-OWNED SUBSIDIARIES** |  |
| **INVESTMENTS IN NON-CONSOLIDATED JOINT VENTURES(pp)** | **INVESTMENTS IN NON-CONSOLIDATED JOINT VENTURES(pp)** |  |
| **Industrial — 33.4%** | **Industrial — 33.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1011 Buffalo Run Dr., Missouri City, Texas^ | &nbsp;&nbsp; $5978995 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;1735 Jersey Avenue, North Brunswick, New Jersey^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33761344 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;2601 4th Avenue East, Shakopee, Minnesota^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43235374 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3730 S. Main St., Pearland, Texas^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15500234 |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98475947 |  |
| **Multifamily — 26.9%** | **Multifamily — 26.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Napa Green Apartments, Napa, California^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18983466 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;The Ardent, Mill Creek, Washington^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60247505 |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79230971 |  |
| **Retail — 18.2%** | **Retail — 18.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;East Gate Marketplace, Chantilly, Virginia^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25527741 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Monarch Town Center, Miramar, Florida^ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28176415 |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53704156 |  |
| **TOTAL INVESTMENTS IN NON-CONSOLIDATED JOINT VENTURES<br> (cost $206,768,518)(wc)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231411074 |  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest<br> Rate** | &nbsp;&nbsp;**Maturity<br> Date** | **Principal<br> Amount<br> (000)#** |  |
| **REAL ESTATE LENDING 9.8%** |  |  |  |  |
| **INVESTMENTS IN NON-AFFILIATED REAL ESTATE<br> LOANS 9.8%** |  |  |  |  |
| **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 $235,543,518)** |  |  |  | &nbsp;&nbsp;260379506 |

---

------

#### PGIM Real Estate Fund, Inc.

#### Consolidated Schedule of Investments as of March 31, 2026 (unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **Description** | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **Short-Term Investment 11.0%** | **Short-Term Investment 11.0%** | **Short-Term Investment 11.0%** |
| **Affiliated Mutual Fund** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;PGIM Core Government Money Market Fund (7-day effective yield 3.781%)<br> (cost $32,544,449)(wc) | &nbsp;&nbsp;32544449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $32544449 |
| **TOTAL INVESTMENTS 99.3%<br> (cost $268,087,967)** | **TOTAL INVESTMENTS 99.3%<br> (cost $268,087,967)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;292923955 |
| Series A Preferred Stock, at liquidation value (0.0)% | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(125000) |
| Other assets in excess of liabilities 0.7% | Other assets in excess of liabilities 0.7% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2209983 |
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;$295008938 |

---

------

---

| | |
|:---|:---|
| # | Principal amount is shown in U.S. dollars unless otherwise stated. |
| ^ | Indicates a Level 3 investment. The aggregate value of Level 3 investments is $260,379,506 and 88.3% 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 90.0% 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 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:** (800) 225-4077

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

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

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

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

- **a. Date of fiscal year-end:** 2026-12-31

- **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:** $296085000.83

**Total Liabilities:** $1097898.53

**Net Assets:** $294987102.30

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000004 | 0.38%                | 0.24%                | 0.38%                |
| Class ID C000000002 | 0.46%                | 0.29%                | 0.42%                |
| Class ID C000000001 | 0.47%                | 0.31%                | 0.44%                |
| Class ID C000000003 | 0.38%                | 0.24%                | 0.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $342971.00                                 |
| Month 2  | $0.00                    | $-20159.00                                 |
| Month 3  | $0.00                    | $470798.00                                 |

### 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  | 9.82%             |  |  |  | No            |                  3 | On Loan: No      |
| Shakopee (Amazon)                                | Shakopee (Amazon)                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $43235374.00  | 14.66%            |  |  |  | No            |                  3 | On Loan: No      |
| The Ardent                                       | The Ardent                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $60247505.00  | 20.42%            |  |  |  | No            |                  3 | On Loan: No      |
| 1735 Jersey Avenue                               | 1735 Jersey Avenue                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $33761344.00  | 11.45%            |  |  |  | No            |                  3 | On Loan: No      |
| (PIPA070) PGIM Core Government Money Market Fund | (PIPA070) PGIM Core Government Money Market Fund | CUSIP: 74440W862<br>LEI: FDBJO5TMSRMHJL5YKP11 | Long             | STIV             | RF                | US        |  32446705 | NS      | $32446704.67  | 11.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Pearland Industrial                              | Pearland Industrial                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $15500234.00  | 5.25%             |  |  |  | No            |                  3 | On Loan: No      |
| Monarch Town Center                              | Monarch Town Center                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $28176415.00  | 9.55%             |  |  |  | No            |                  3 | On Loan: No      |
| Napa Green Apartments                            | Napa Green Apartments                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $18983466.00  | 6.44%             |  |  |  | No            |                  3 | On Loan: No      |
| Buffalo Run                                      | Buffalo Run                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $5978995.00   | 2.03%             |  |  |  | No            |                  3 | On Loan: No      |
| East Gate Marketplace                            | East Gate Marketplace                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | RE               | CORP              | US        |         1 | OU      | $25527741.00  | 8.65%             |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-27

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

**Signature:** Christian J. Kelly

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

**Title:** Chief Financial Officer