# EDGAR Filing Document

**Accession Number:** 0001875084
**File Stem:** 0001104659-26-054030
**Filing Date:** 2026-5
**Character Count:** 36318
**Document Hash:** 630902bcfbecaeb56abde1a429e21de8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-054030.hdr.sgml**: 20260501

**ACCESSION NUMBER**: 0001104659-26-054030

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20260501

**DATE AS OF CHANGE**: 20260501

**SUBJECT COMPANY**: 

**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:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-94116
- **FILM NUMBER:** 26931797

**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
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PGIM Strategic Investments, Inc.
- **CENTRAL INDEX KEY:** 0001972703

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102
- **BUSINESS PHONE:** (973) 367-2396

**MAIL ADDRESS:**
- **STREET 1:** 655 BROAD STREET
- **CITY:** NEWARK
- **STATE:** NJ
- **ZIP:** 07102

## Exhibit 99.10

**Exhibit 99.10**

Item 3 Common Stock Issuances pursuant to Dividend Reinvestment Plan

The Prudential Insurance Company of America, PGIM Strategic Investments, Inc. and Pruco Life Insurance Company participate in the dividend reinvestment plan (the "DRIP") of the Issuer, through which holders of Common Stock may choose to have cash dividends or cash distributions automatically reinvested in Common Stock and, consequently, was issued additional Common Stock in lieu of receiving cash payments as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Recipient** | **Class of Shares** | **Date of DRIP<br> Reinvestment** | **Amount of <br> Reinvestment** | **Price per<br> Share** | **Number of<br> Shares** |
| Pruco Life Insurance Company | Class I Common Stock | 6/24/2025 | $666377.12 | $28.44 | 23430.982 |
| Pruco Life Insurance Company | Class I Common Stock | 7/23/2025 | $669027.16 | $29.06 | 23022.270 |
| Pruco Life Insurance Company | Class I Common Stock | 8/25/2025 | $671630.98 | $29.30 | 22922.559 |
| Pruco Life Insurance Company | Class I Common Stock | 9/24/2025 | $674223.52 | $29.14 | 23137.389 |
| Pruco Life Insurance Company | Class I Common Stock | 10/23/2025 | $676840.36 | $29.59 | 22873.956 |
| Pruco Life Insurance Company | Class I Common Stock | 11/25/2025 | $679427.41 | $30.27 | 22445.570 |
| Pruco Life Insurance Company | Class I Common Stock | 12/24/2025 | $681966.00 | $30.37 | 22455.252 |
| Pruco Life Insurance Company | Class I Common Stock | 1/23/2026 | $684505.69 | $30.18 | 22680.772 |
| Pruco Life Insurance Company | Class I Common Stock | 2/24/2026 | $687070.88 | $30.27 | 22698.080 |
| Pruco Life Insurance Company | Class I Common Stock | 3/24/2026 | $689638.04 | $30.27 | 22782.889 |
| Pruco Life Insurance Company | Class I Common Stock | 4/23/2026 | $692214.78 | $30.28 | 22860.462 |
| The Prudential Insurance Company of America | Class I Common Stock | 6/24/2025 | $358352.95 | $28.44 | 12600.315 |
| The Prudential Insurance Company of America | Class I Common Stock | 7/23/2025 | $359778.05 | $29.06 | 12380.525 |
| The Prudential Insurance Company of America | Class I Common Stock | 8/25/2025 | $361178.29 | $29.30 | 12326.904 |
| The Prudential Insurance Company of America | Class I Common Stock | 9/24/2025 | $362572.46 | $29.14 | 12442.432 |
| The Prudential Insurance Company of America | Class I Common Stock | 10/23/2025 | $363979.70 | $29.59 | 12300.767 |
| The Prudential Insurance Company of America | Class I Common Stock | 11/25/2025 | $365370.91 | $30.27 | 12070.397 |
| The Prudential Insurance Company of America | Class I Common Stock | 12/24/2025 | $366736.08 | $30.37 | 12075.604 |
| The Prudential Insurance Company of America | Class I Common Stock | 1/23/2026 | $368101.83 | $30.18 | 12196.880 |
| The Prudential Insurance Company of America | Class I Common Stock | 2/24/2026 | $369481.29 | $30.27 | 12206.187 |
| The Prudential Insurance Company of America | Class I Common Stock | 3/24/2026 | $370861.81 | $30.27 | 12251.794 |
| The Prudential Insurance Company of America | Class I Common Stock | 4/23/2026 | $372247.49 | $30.28 | 12293.510 |
| PGIM Strategic Investments, Inc. | Class D Common Stock | 6/24/2025 | $115.47 | $28.41 | 4.064 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| PGIM Strategic Investments, Inc. | Class D Common Stock | 7/23/2025 | $115.91 | $29.04 | 3.991 |
| PGIM Strategic Investments, Inc. | Class D Common Stock | 8/25/2025 | $116.34 | $29.28 | 3.973 |
| PGIM Strategic Investments, Inc. | Class D Common Stock | 9/24/2025 | $116.76 | $29.12 | 4.01 |
| PGIM Strategic Investments, Inc. | Class D Common Stock | 10/23/2025 | $117.19 | $29.56 | 3.964 |
| PGIM Strategic Investments, Inc. | Class D Common Stock | 11/25/2025 | $117.62 | $30.25 | 3.888 |
| PGIM Strategic Investments, Inc. | Class D Common Stock | 12/24/2025 | $118.04 | $30.35 | 3.889 |
| PGIM Strategic Investments, Inc. | Class D Common Stock | 1/23/2026 | $118.45 | $30.16 | 3.927 |
| PGIM Strategic Investments, Inc. | Class D Common Stock | 2/24/2026 | $118.88 | $30.25 | 3.93 |
| PGIM Strategic Investments, Inc. | Class D Common Stock | 3/24/2026 | $119.3 | $30.24 | 3.945 |
| PGIM Strategic Investments, Inc. | Class D Common Stock | 4/23/2026 | $119.72 | $30.25 | 3.958 |
| PGIM Strategic Investments, Inc. | Class S Common Stock | 6/24/2025 | $99.52 | $28.33 | 3.513 |
| PGIM Strategic Investments, Inc. | Class S Common Stock | 7/23/2025 | $99.85 | $28.95 | 3.449 |
| PGIM Strategic Investments, Inc. | Class S Common Stock | 8/25/2025 | $100.18 | $29.19 | 3.432 |
| PGIM Strategic Investments, Inc. | Class S Common Stock | 9/24/2025 | $100.5 | $29.03 | 3.462 |
| PGIM Strategic Investments, Inc. | Class S Common Stock | 10/23/2025 | $100.82 | $29.47 | 3.421 |
| PGIM Strategic Investments, Inc. | Class S Common Stock | 11/25/2025 | $101.14 | $30.15 | 3.355 |
| PGIM Strategic Investments, Inc. | Class S Common Stock | 12/24/2025 | $101.46 | $30.25 | 3.354 |
| PGIM Strategic Investments, Inc. | Class S Common Stock | 1/23/2026 | $101.77 | $30.06 | 3.386 |
| PGIM Strategic Investments, Inc. | Class S Common Stock | 2/24/2026 | $102.09 | $30.14 | 3.387 |
| PGIM Strategic Investments, Inc. | Class S Common Stock | 3/24/2026 | $102.4 | $30.14 | 3.397 |
| PGIM Strategic Investments, Inc. | Class S Common Stock | 4/23/2026 | $102.72 | $30.14 | 3.408 |
| PGIM Strategic Investments, Inc. | Class T Common Stock | 6/24/2025 | $99.52 | $28.33 | 3.513 |
| PGIM Strategic Investments, Inc. | Class T Common Stock | 7/23/2025 | $99.85 | $28.95 | 3.449 |
| PGIM Strategic Investments, Inc. | Class T Common Stock | 8/25/2025 | $100.18 | $29.19 | 3.432 |
| PGIM Strategic Investments, Inc. | Class T Common Stock | 9/24/2025 | $100.5 | $29.03 | 3.462 |
| PGIM Strategic Investments, Inc. | Class T Common Stock | 10/23/2025 | $100.82 | $29.47 | 3.421 |
| PGIM Strategic Investments, Inc. | Class T Common Stock | 11/25/2025 | $101.14 | $30.15 | 3.355 |
| PGIM Strategic Investments, Inc. | Class T Common Stock | 12/24/2025 | $101.46 | $30.25 | 3.354 |
| PGIM Strategic Investments, Inc. | Class T Common Stock | 1/23/2026 | $101.77 | $30.06 | 3.386 |
| PGIM Strategic Investments, Inc. | Class T Common Stock | 2/24/2026 | $102.09 | $30.14 | 3.387 |
| PGIM Strategic Investments, Inc. | Class T Common Stock | 3/24/2026 | $102.4 | $30.14 | 3.397 |
| PGIM Strategic Investments, Inc. | Class T Common Stock | 4/23/2026 | $102.72 | $30.14 | 3.408 |

---

## Exhibit 99.11

**Exhibit 99.11**

<u>Annex A</u>

Directors and Executive Officers of the Reporting Persons

The following sets forth certain information regarding the directors and executive officers of PGIM Strategic Investments, Inc. Unless otherwise noted, the business address of each director and executive officer of PGIM Strategic Investments, Inc. is 655 Broad Street, Newark, NJ 07102.

**<u>Directors</u>:**

---

| | | |
|:---|:---|:---|
| **Name** | **Citizenship** | **Present Principal Occupation or**<br> **Employment** |
| Joseph Hsu | USA | Vice President, Financial Reporting, Director & Controller<br> PGIM Strategic Investments, Inc.. |
| Brian M. Mattia | USA | Vice President, Planning & Analysis; Director &<br> Treasurer PGIM Strategic Investments, Inc. |
| Jurgen Muhlhauser | USA | Vice President, Finance; Director, PGIM<br> Strategic Investments, Inc. |

---

**<u>Officers:</u>**

---

| | | |
|:---|:---|:---|
| **Name** | **Citizenship** | **Present Principal Occupation or**<br> **Employment** |
| Jacques P. Chappuis | USA | Executive Vice President, Head of Global Asset Management; PGIM President & CEO;<br> PGIM Strategic Investments, Inc. |
| Brian M. Mattia | USA | Vice President, Planning & Analysis; Director &<br> Treasurer PGIM Strategic Investments, Inc. |
| Jurgen Muhlhauser | USA | Vice President, Finance; Director, PGIM<br> Strategic Investments, Inc. |
| Joseph Hsu | USA | Vice President, Financial Reporting; Controller,<br> PGIM Strategic Investments, Inc.. |
| Kathleen Denicholas | USA | Vice President, Corporate Counsel; Secretary,<br> PGIM Strategic Investments, Inc. |

---

The following sets forth certain information regarding the directors and executive officers of Prudential Financial, Inc. Unless otherwise noted, the business address of each director and executive officer of Prudential Financial, Inc. is 751 Broad Street, Newark, NJ 07102.

**<u>Directors</u>:**

---

| | | |
|:---|:---|:---|
| **Name** | **Citizenship** | **Present Principal Occupation or**<br> **Employment** |
| Gilbert F. Casellas | USA | Former Chairman of OMNITRU. |
| Martina T. Hund-Mejean | USA | Former Chief Financial Officer, MasterCard<br> Worldwide. |
| Wendy E. Jones | USA | Former Senior Vice President, Global<br> Operations eBay, Inc. |
| Sandra Pianalto | USA | Former President and CEO, Federal Reserve<br> Bank of Cleveland. |
| Christine A. Poon | USA | Former Dean and John W. Berry, Sr. Chair in Business at The Fisher College of Business at<br> The Ohio State University. |
| Michael A. Todman | USA | Former Vice Chairman, Whirlpool Corporation. |
| Carmine Di Sibio | USA | Former Global Chairman and CEO of EY |
| Thomas D. Stoddard | USA | Former Vice Chairman of Global Investment Banking for the Bank of America Corporation |
| Andrew F. Sullivan | USA | Chief Executive Officer- PGIM |
| Joseph James Wolk | USA | Executive Vice President & CFO at Johnson & Johnson |

---

**<u>Officers</u>:**

---

| | | |
|:---|:---|:---|
| **Name** | **Citizenship** | **Present Principal Occupation or**<br> **Employment** |
| Yanela C. Frias | USA | Executive VP and Chief Financial Officer |
| Vicki Walia | USA | Executive VP and Chief People Officer |
| Matthew Armas | USA | SVP and Chief Investment Officer |
| Ann M. Kappler | USA | Executive VP, Head of Corporate Affairs and General Counsel |
| Andrew F. Sullivan | USA | Chairman, President and Chief Executive Officer |
| Bradley O. Harris | USA | Senior VP and Chief Actuary |
| Robert E. Boyle | USA | SVP, Principal Accounting Officer & Controller |
| Jacques P. Chappuis | USA | Executive VP and Head of Global Asset Management |
| Meyrick Douglas | USA | SVP and Chief Risk Officer |
| Alan M. Finkelstein | USA | SVP, Head of Stakeholder Relations and Corporate Treasurer |
| Margaret M. Foran | USA | SVP, Corporate Secretary and Chief Governance Officer |
| Cecilia Orchard | USA | SVP and Chief Auditor |
| Scott E. Case | USA | Executive VP & Chief Technology & Process Officer |

---

The following sets forth certain information regarding the directors and executive officers of The Prudential Insurance Company of America. Unless otherwise noted, the business address of each director and executive officer of The Prudential Insurance Company of America is 751 Broad Street, Newark, New Jersey 07102.

**<u>Directors</u>:**

---

| | | |
|:---|:---|:---|
| **Name** | **Citizenship** | **Present Principal Occupation or**<br> **Employment** |
| Gilbert F. Casellas | USA | Former Chairman of OMNITRU. |
| Martina T. Hund-Mejean | USA | Former Chief Financial Officer, MasterCard<br> Worldwide. |
| Wendy E. Jones | USA | Former Senior Vice President, Global<br> Operations eBay, Inc. |
| Sandra Pianalto | USA | Former President and CEO, Federal Reserve<br> Bank of Cleveland. |
| Christine A. Poon | USA | Former Dean and John W. Berry, Sr. Chair in Business at The Fisher College of Business at<br> The Ohio State University. |
| Michael A. Todman | USA | Former Vice Chairman, Whirlpool Corporation. |
| Carmine Di Sibio | USA | Former Global Chairman and CEO of EY |
| Thomas D. Stoddard | USA | Former Vice Chairman of Global Investment Banking for the Bank of America Corporation |
| Andrew F. Sullivan | USA | Chief Executive Officer- PGIM |
| Joseph James Wolk | USA | Executive Vice President & CFO at Johnson & Johnson |

---

**<u>Officers</u>:**

---

| | | |
|:---|:---|:---|
| **Name** | **Citizenship** | **Present Principal Occupation or**<br> **Employment** |
| Yanela C. Frias | USA | Executive VP and Chief Financial Officer |
| Vicki Walia | USA | Executive VP and Chief People Officer |
| Matthew Armas | USA | SVP and Chief Investment Officer |
| Ann M. Kappler | USA | Executive VP, Head of Corporate Affairs and General Counsel |
| Andrew F. Sullivan | USA | Chairman, President and Chief Executive Officer |
| Bradley O. Harris | USA | Senior VP and Chief Actuary |
| Robert E. Boyle | USA | SVP, Principal Accounting Officer & Controller |
| Meyrick Douglas | USA | SVP and Chief Risk Officer |
| Alan M. Finkelstein | USA | SVP, Head of Stakeholder Relations and Corporate Treasurer |
| Margaret M. Foran | USA | SVP, Corporate Secretary and Chief Governance Officer |
| Cecilia Orchard | USA | SVP and Chief Auditor |
| Scott E. Case | USA | Executive VP & Chief Technology & Process Officer |

---

The following sets forth certain information regarding the directors and executive officers of Pruco Life Insurance Company. Unless otherwise noted, the business address of each director and executive officer of Pruco Life Insurance Company is 213 Washington Street, Newark, New Jersey 07102.

**<u>Directors</u>:**

---

| | | |
|:---|:---|:---|
| **Name** | **Citizenship** | **Present Principal Occupation or**<br> **Employment** |
| Reshma V. Abraham | USA | Vice President, Finance and Actuarial, Individual Life Insurance (ILI) |
| Markus Coombs | USA | Vice President, Finance – Retirement Services |
| Alan M. Finkelstein | USA | Corporate Treasurer & Head of Capital Solutions |
| Scott E. Gaul | USA | VP, Head of Individual Business- Retirement Services (RS) |
| Bradley O. Harris | <br> USA | Chief Financial Officer & Chief Actuary |
| Salene Hitchcock-Gear | USA | SVP, Individual Life Insurance (ILI) |

---

**<u>Officers</u>:**

---

| | | |
|:---|:---|:---|
| **Name** | **Citizenship** | **Present Principal Occupation or**<br> **Employment** |
| Reshma V. Abraham | USA | Vice President, Finance and Actuarial, Individual Life Insurance (ILI) |
| Daniel T. McNulty | USA | Chief Compliance Officer, Variable Life & Variable Annuities Registered Separate Accounts |
| Markus Coombs | USA | VP, Chief Accounting Officer, Chief Financial Officer |
| Patricia A. Coslett | USA | VP and Actuary |
| Timothy C. Dees | USA | Legal Entity Risk Officer |
| Alan M. Finkelstein | USA | Treasurer |
| Robert Kutyla | USA | VP & Controller |
| Scott G. Pelkola | USA | VP and Chief Investment Officer |
| Matthew H. Silver | USA | SVP, Chief Actuary and Appointed Actuary |
| Jordan K. Thomsen | USA | VP and Corporate Counsel |
| Scott E Gaul | USA | President & Chief Executive Officer |
| Karen M Sills | USA | VP, Chief Legal Officer and Secretary |

---

Except as set forth in this Schedule 13D, to the best knowledge of the Reporting Persons, none of the individuals listed above beneficially owns any Common Shares.

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 11)**

**PGIM Real Estate Fund Inc.**

*(Name of Issuer)*

**Class I common stock, par value $0.001**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Andrew French**<br>c/o Prudential Insurance Co of America<br>751 Broad Street<br>Newark NJ 07102<br>973-367-2396

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**04/29/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**PGIM Strategic Investments, Inc.** | Name of reporting person<br>**PGIM Strategic Investments, Inc.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**NEW JERSEY** | Citizenship or place of organization<br>**NEW JERSEY** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**0.00** | Aggregate amount beneficially owned by each reporting person<br>**0.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**0%** | Percent of class represented by amount in Row (11)<br>**0%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** This Schedule 13D relates to the following classes of securities: Class I common stock, par value $0.001 per share (the "Class I Shares") with CUSIP No. 69419Y105, Class S common stock, par value $0.001 per share (the "Class S Shares") with CUSIP 69419Y303, Class D common stock, par value $0.001 per share (the "Class D Shares") with CUSIP 69419Y204 and the Class T common stock, par value $0.001 per share (the "Class T Shares") with CUSIP 69419Y402 of PGIM Real Estate Fund Inc. (formerly known as PGIM Private Real Estate Fund, Inc.), a Maryland corporation (the "Issuer"). PGIM Strategic Investments, Inc. has shared voting power and dispositive power with respect to 0 Class I Shares, 1,100.401 Class S Shares, 1,119.512 Class D Shares and 1,100.401 Class T Shares. The aggregate amount beneficially owned by PGIM Strategic Investments, Inc. is 0 Class I Shares, 1,100.401 Class S Shares, 1,119.512 Class D Shares, and 1,100.401 Class T Shares representing 0 percent of Class I Shares, 100 percent of Class S Shares, 100 percent of Class D Shares, and 100 percent of Class T Shares. Cover pages are limited to one class of security. The cover pages of this Schedule 13D filing relate to the Class I Shares, and this comment shall serve as full disclosure of the beneficial ownership of all classes of securities of the Issuer.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**The Prudential Insurance Company of America** | Name of reporting person<br>**The Prudential Insurance Company of America** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**NEW JERSEY** | Citizenship or place of organization<br>**NEW JERSEY** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**9716937.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**9716937.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**9716937.00** | Aggregate amount beneficially owned by each reporting person<br>**9716937.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**96.9%** | Percent of class represented by amount in Row (11)<br>**96.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** This Schedule 13D relates to the following classes of securities: Class I common stock, par value $0.001 per share (the "Class I Shares") with CUSIP No. 69419Y105, Class S common stock, par value $0.001 per share (the "Class S Shares") with CUSIP 69419Y303, Class D common stock, par value $0.001 per share (the "Class D Shares") with CUSIP 69419Y204 and the Class T common stock, par value $0.001 per share (the "Class T Shares") with CUSIP 69419Y402 of PGIM Real Estate Fund Inc. (formerly known as PGIM Private Real Estate Fund, Inc.), a Maryland corporation (the "Issuer"). The Prudential Insurance Company of America has shared voting power and dispositive power with respect to 9,716,937.39 Class I Shares, 0 Class S Shares, 0 Class D Shares and 0 Class T Shares. The aggregate amount beneficially owned by The Prudential Insurance Company of America is 9,716,937.39 Class I Shares, 0 Class S Shares, 0 Class D Shares, and 0 Class T Shares representing 96.9 percent of Class I Shares, 0 percent of Class S Shares, 0 percent of Class D Shares, and 0 percent of Class T Shares. Cover pages are limited to one class of security. The cover pages of this Schedule 13D filing relate to the Class I Shares, and this comment shall serve as full disclosure of the beneficial ownership of all classes of securities of the Issuer.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Pruco Life Insurance Company** | Name of reporting person<br>**Pruco Life Insurance Company** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**ARIZONA** | Citizenship or place of organization<br>**ARIZONA** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**6143238.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**6143238.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**6143238.00** | Aggregate amount beneficially owned by each reporting person<br>**6143238.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**61.3%** | Percent of class represented by amount in Row (11)<br>**61.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

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**Comment for Reporting Person:** This Schedule 13D relates to the following classes of securities: Class I common stock, par value $0.001 per share (the "Class I Shares") with CUSIP No. 69419Y105, Class S common stock, par value $0.001 per share (the "Class S Shares") with CUSIP 69419Y303, Class D common stock, par value $0.001 per share (the "Class D Shares") with CUSIP 69419Y204 and the Class T common stock, par value $0.001 per share (the "Class T Shares") with CUSIP 69419Y402 of PGIM Real Estate Fund Inc. (formerly known as PGIM Private Real Estate Fund, Inc.), a Maryland corporation (the "Issuer"). Pruco Life Insurance Company has shared voting power and dispositive power with respect to 6,143,238.726 Class I Shares, 0 Class S Shares, 0 Class D Shares, and 0 Class T Shares. The aggregate amount beneficially owned by Pruco Life Insurance Company is 6,143,238.726 Class I Shares, 0 Class S Shares, 0 Class D Shares, and 0 Class T Shares representing 61.3 percent of Class I Shares, 0 percent of Class S Shares, 0 percent of Class D Shares, and 0 percent of Class T Shares. Cover pages are limited to one class of security. The cover pages of this Schedule 13D filing relate to the Class I Shares, and this comment shall serve as full disclosure of the beneficial ownership of all classes of securities of the Issuer.

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Prudential Financial, Inc.** | Name of reporting person<br>**Prudential Financial, Inc.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**NEW JERSEY** | Citizenship or place of organization<br>**NEW JERSEY** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**9716937.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**9716937.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**9716937.00** | Aggregate amount beneficially owned by each reporting person<br>**9716937.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**96.9%** | Percent of class represented by amount in Row (11)<br>**96.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** This Schedule 13D relates to the following classes of securities: Class I common stock, par value $0.001 per share (the "Class I Shares") with CUSIP No. 69419Y105, Class S common stock, par value $0.001 per share (the "Class S Shares") with CUSIP 69419Y303, Class D common stock, par value $0.001 per share (the "Class D Shares") with CUSIP 69419Y204 and the Class T common stock, par value $0.001 per share (the "Class T Shares") with CUSIP 69419Y402 of PGIM Real Estate Fund Inc. (formerly known as PGIM Private Real Estate Fund, Inc.), a Maryland corporation (the "Issuer"). Prudential Financial, Inc. has shared voting power and dispositive power with respect to 9,716,937.390 Class I Shares, 1,100.401 Class S Shares, 1,119.512 Class D Shares and 1,100.401 Class T Shares. The aggregate amount beneficially owned by Prudential Financial, Inc. is 9,716,937.390 Class I Shares, 1,100.401 Class S Shares, 1,119.512 Class D Shares, and 1,100.401 Class T Shares representing 96.9 percent of Class I Shares, 100 percent of Class S Shares, 100 percent of Class D Shares, and 100 percent of Class T Shares. Cover pages are limited to one class of security. The cover pages of this Schedule 13D filing relate to the Class I Shares, and this comment shall serve as full disclosure of the beneficial ownership of all classes of securities of the Issuer.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class I common stock, par value $0.001

**(b) Name of Issuer:**
PGIM Real Estate Fund Inc.

**(c) Address of Issuer's Principal Executive Offices:**
655 Broad Street, NEWARK, NJ, 07102

This amendment No. 11 ("Amendment No. 11") amends the statement on Schedule 13D filed with the Securities and Exchange Commission (the "Commission") on July 14, 2023, as amended by amendment No. 1 thereto filed with the Commission on March 18, 2024, amendment No. 2 filed with the Commission on June 24, 2024, amendment No. 3 filed with the Commission on October 10, 2024, amendment No. 4 filed with the Commission on November 27, 2024, Amendment No. 5 filed with the Commission on December 17, 2024, Amendment No. 6 filed with the Commission on December 27, 2024, Amendment No. 7 filed with the Commission on February 5, 2025, Amendment No. 8 filed with the Commission on March 14, 2025, Amendment No. 9 filed with the Commission on March 28, 2025 and Amendment No. 10 filed with the Commission on June 18, 2025 (as amended, the "Schedule 13D") related to the Class I shares of common stock, par value $0.001 per share (the "Class I Shares"), Class S shares of common stock, par value $0.001 per share (the "Class S Shares"), Class D shares of common stock, par value $0.001 per share (the "Class D Shares") and Class T shares of common stock, par value $0.001 per share (the "Class T Shares" and collectively, the "Common Stock") of PGIM Real Estate Fund Inc. (formerly known as PGIM Private Real Estate Fund, Inc.), a Maryland corporation (the "Issuer"). The Items herein amend the information disclosed under the corresponding Items of the Schedule 13D as described herein. Except as specifically provided herein, this Amendment No. 11 does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used but not defined in this Amendment No. 11 shall have the same meanings ascribed to them in the Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Items 5 (a-c) of the Schedule 13D are hereby amended and restated as follows:

The information set forth in the cover pages of this Schedule 13D is hereby incorporated by reference into this Item 5.

As of the date hereof, PGIM Strategic Investments, Inc. directly holds an aggregate of 1,100.401 Class S Shares, representing 100% of the outstanding Class S Shares; an aggregate of 1,119.512 Class D Shares, representing 100% of the outstanding Class D Shares; and an aggregate of 1,100.401 Class T Shares, representing 100% of the outstanding Class T Shares. PGIM Strategic Investments, Inc. is an indirect wholly-owned subsidiary of Prudential Financial, Inc., and as such, Prudential Financial, Inc. may be deemed the beneficial owner of the securities reported herein directly held by PGIM Strategic Investments, Inc. As of the date hereof, Pruco Life Insurance Company directly holds 6,143,238.726 Class I Shares representing approximately 61.3% of the outstanding Class I Shares. As of the date hereof, The Prudential Insurance Company of America directly holds 3,573,698.664 Class I Shares representing approximately 35.7% of the outstanding Class I Shares. Pruco Life Insurance Company is a wholly owned subsidiary of The Prudential Insurance Company of America, which in turn is a wholly-owned subsidiary of Prudential Financial, Inc., and as such, The Prudential Insurance Company of America may be deemed the beneficial owner of the Common Stock beneficially held by Pruco Life Insurance Company and Prudential Financial Inc. may be deemed the beneficial owner of the Common Stock beneficially owned by PGIM Strategic Investments, Inc., The Prudential Insurance Company of America and Pruco Life Insurance Company. Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission that any Reporting Person (other than a direct holder of the Issuer securities reported herein) is the beneficial owner of the securities referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose, and each of the Reporting Persons (other than to the extent it directly holds Issuer securities reported herein) expressly disclaims beneficial ownership of such securities.

**(b)**
See Item (a) above.

**(c)**
Except as otherwise set forth in this Schedule 13D, including Exhibit 99.1, none of the Reporting Persons or, to the best knowledge of such persons, the persons named in Annex A, has effected any transactions in the Common Stock in the prior 60 days.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** PGIM Strategic Investments, Inc.

**Signature:** /s/ Andrew French

**Name/Title:** Andrew French/Attorney-in-Fact

**Date:** 05/01/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** The Prudential Insurance Company of America

**Signature:** /s/ Andrew French

**Name/Title:** Andrew French/Attorney-in-Fact

**Date:** 05/01/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Pruco Life Insurance Company

**Signature:** /s/ Andrew French

**Name/Title:** Andrew French/Attorney-in-Fact

**Date:** 05/01/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Prudential Financial, Inc.

**Signature:** /s/ Andrew French

**Name/Title:** Andrew French/Second Vice President

**Date:** 05/01/2026