UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~February~~March 1331, 2026

Sculptor Diversified Real Estate Income Trust, Inc.

(Exact Name of Registrant as Specified in its Charter)

Maryland

000-56566

88-0870670

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS. Employer

Identification No.)


9 West 57th Street, 40th Floor New York, NY 10019
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (212) 790-0000

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Item 83.~~01.~~02 ~~Other~~Unregistered ~~Events~~Sales of Equity Securities.

~~January~~On April 311, 2026, ~~Net~~Sculptor ~~Asset~~Diversified ~~Value~~Real Estate Income Trust, Inc. (the “~~NAV~~Company”) issued the following shares based on the respective net asset value per ~~Share~~share as of February 28, 2026.

OnThe ~~February 13,~~following ~~2026,~~table ~~Sculptor~~details ~~Diversified Real Estate Income Trust, Inc. (referred to herein as “we,” “us” or “our”) released~~ the ~~NAV~~shares ~~per~~issued ~~share~~and ~~for~~gross ~~each share class of our common stock as of January 31, 2026, which amounts are as follows~~proceeds:

	NAV per Share
			Number of Shares Issued	Gross Proceeds
Class E	$	11.7489
Class E Shares(1)			15,722	$	185,231
Class F	$	11.4546
Class AA Shares(2)			850,348	9,654,415
Class FF	$	11.3128
Total			866,070	$	9,839,646
Class AA	$	11.2237
Class A	$	11.1215
Class I-S	$	11.0754

~~NAV Calculation~~_______________________________________

We(1) ~~calculate NAV per share in accordance with the valuation guidelines that have been approved by our board of directors. Our total NAV presented in the following tables includes the NAV of our~~ Class E, ~~Class F, Class FF, Class AA, Class A and Class I-S common~~ shares, ~~which~~ were ~~reduced~~issued byto ~~the~~Sculptor ~~noncontrolling~~Advisors ~~interests~~LLC inas ~~our~~payment ~~consolidated~~for ~~subsidiaries.~~accrued management fees.

~~The~~(2) Includes ~~following~~sales ~~table~~load ~~provides~~fees ~~a breakdown~~ of ~~the major components of our NAV as of January 31~~$96,415 ~~2026~~for ~~(amounts~~Class inAA ~~thousands, except share/unit data):~~ Shares.

Components of NAV
Investments in real estate, net (including goodwill)	$	777,200
Investment in an unconsolidated joint venture	2,658
Investment in real estate debt	167,478
Cash and cash equivalents	10,548
Restricted cash	44,467
Receivables	2,355
Other assets	3,213
Mortgages, credit facility and financing obligations, net	(357,861)
Accounts payable and other liabilities	(67,527)
Management fee payable	(400)
Accrued performance participation allocation	(222)
Due to related parties, net	(23)
Noncontrolling interest in the consolidated subsidiaries	(32,935)
Net Asset Value	$	548,951
Number of outstanding shares/units	47,916,109

On March 12, 2026, the Company, pursuant to their distribution reinvestment plans, issued the following shares based on the respective net asset value per share as of January 31, 2026:

The following table provides a breakdown of our total NAV and NAV per share/unit by class as of January 31, 2026 (amounts in thousands, except share/unit and per share/unit data):


	Number of Shares Issued	Purchase Price
Class E Shares(1)	3,091	$	36,308
Class F Shares	141	1,620
Class FF Shares	23,522	266,103
Class AA Shares	26,972	302,722
Class A Shares	1,152	12,809
Class I-S Shares	366	4,055
Total	55,244	$	623,617

NAV per share	Class E Shares		Class F Shares		Class FF Shares		Class AA Shares		Class A Shares		Class I-S Shares		Operating Partnership Units(1)		Total
NAV	$	113,711	$	265,800	$	69,882	$	81,391	$	11,446	$	569	$	6,152	$	548,951
Number of outstanding shares/units	9,678,435		23,204,571		6,177,274		7,251,655		1,029,157		51,359		523,658		47,916,109
NAV Per Share/Unit	$	11.7489	$	11.4546	$	11.3128	$	11.2237	$	11.1215	$	11.0754	$	11.7489	$	11.4565

_______________________________________

(1) Includes ~~the~~distributions ~~partnership~~of ~~interests~~113 ofClass ~~Sculptor~~E ~~Diversified~~restricted ~~REIT~~shares ~~Operating~~at ~~Partnership~~$1,323 LPin connection with the restricted stock held by ~~Sculptor~~our ~~Diversified~~independent ~~REIT~~directors ~~Special~~under ~~Limited~~our ~~Partner~~independent LPdirector compensation plan.

The offer, sale, and issuance of these shares were exempt from the registration provisions of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2), Regulation D and/or Regulation S thereunder.

Item 7.01. Regulation FD Disclosure.

March 2026 Distributions

On March 31, 2026, the Company declared distributions for each class of its common stock in the amounts per share set forth below:


	Gross Distribution		Distribution Fees		Net Distribution
Class E Shares	$	0.0671	$	—	$	0.0671
Class F Shares	$	0.0671	$	—	$	0.0671
Class FF Shares	$	0.0671	$	0.0048	$	0.0623
Class A Shares	$	0.0671	$	—	$	0.0671
Class AA Shares	$	0.0671	$	0.0048	$	0.0623
Class I-S Shares	$	0.0671	$	—	$	0.0671

The net distributions for each class of common stock (which represents the gross distributions less distribution fees for the applicable class of common stock) are payable to stockholders of record immediately following the close of business on March 31, 2026 and will be paid on or about April 10, 2026. These distributions will be paid in cash or reinvested in shares of the Company’s common stock for stockholders participating in the Company’s distribution reinvestment plan.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Sculptor Diversified Real Estate Income Trust, Inc.
By:			/s/ Ellen Conti
Name:			Ellen Conti
Title:			Chief Financial Officer
Date:			~~February~~April 136, 2026

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