Sculptor Diversified REIT creates Select Class shares with 0.75% mgmt fee and 10% performance allocation

Sculptor Diversified Real Estate Income Trust, Inc.

Third Amended and Restated Advisory Agreement adds Select Class; management fee set at 0.75% of NAV per annum.
Second Amended and Restated OP Agreement gives Special Limited Partner 10% of Select Class total return after 7% hurdle.
Articles of Amendment increase authorized common stock to 2.3B shares; Articles Supplementary designate 100M Select Class shares.
Changes effective November 18, 2024.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Sculptor Diversified Real Estate Income Trust, Inc.: Articles of Amendment increased authorized capital stock to 2,400,000,000 shares and common stock to 2,300,000,000 shares; Articles Supplementary designated 100,000,000 Select Class shares (effective 2024-11-18).

Change: charter amendment
Effective: 2024-11-18

Exact text from the filing

to increase the number of shares of capital stock that the Company has authority to issue to 2,400,000,000 and the number of shares of common stock, par value $0.01 per share, that the Company has authority to issue to 2,300,000,000.

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Source: SEC EDGAR

accession 0001914496-24-000128

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