PGIM Private Real Estate Fund, Inc.
Consolidated Schedule of Investments as of March 31, 2024 (unaudited)
Description | Value | ||||
Long-Term Investments 94.9% | |||||
Private Real Estate | |||||
Investments in Non-Consolidated Joint Ventures - Industrial(pp) 15.3% | |||||
3730 S. Main St., Pearland, Texas^ | $13,421,067 | ||||
Investments in Non-Consolidated Joint Ventures - Retail(pp) 56.6% | |||||
East Gate Marketplace, Chantilly, Virginia^ | 23,607,825 | ||||
Monarch Town Center, Miramar, Florida^ | 26,125,725 | ||||
49,733,550 | |||||
Preferred Equity - Industrial 23.0% | |||||
3730 S. Main St., Pearland, Texas, 6.55%, Maturing 10/03/28^ | 20,211,511 | ||||
Total Long-Term Investments (cost $80,000,082) | 83,366,128 |
Shares | |||||
Short-Term Investment 5.4% | |||||
Affiliated Mutual Fund | |||||
PGIM Core Government Money Market Fund (7-day effective yield 5.552%) (cost $4,704,437)(wb) | 4,704,437 | 4,704,437 | |||
TOTAL INVESTMENTS 100.3% (cost $84,704,519) | 88,070,565 | ||||
Liabilities in excess of other assets (0.3)% | (265,824) | ||||
Net Assets 100.0% | $87,804,741 |
^ | Indicates a Level 3 investment. The aggregate value of Level 3 investments is $83,366,128 and 94.9% of net assets. |
(pp) | The Fund’s contractual ownership in the joint venture prior to the impact of promote structures ranges from 95.0% to 99.0% of the venture. |
(wb) | Represents an investment in a Fund 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).
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