Sculptor Diversified Real Estate Income Trust, Inc.: M&A transaction — Sculptor Diversified Real Estate acquires JW Marriott Marco Island for $835M via $690M loan, $87M equity

Sculptor Diversified Real Estate Income Trust, Inc.

Acquired JW Marriott Marco Island Beach Resort for $835M; financed with $690M mortgage loan and equity from joint venture partners.
Company's subsidiary committed $87M for ~33% interest in MIH Member JV, which holds 85% of the property JV.
Loan bears interest at SOFR + 210 bps, interest-only, initial 2-year term with three 1-year extension options.
Property includes 809-key beach resort, 10+ acres beachfront, and two 18-hole golf courses.
Financial statements and pro forma information to be filed by amendment within 71 days.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

Sculptor Diversified Real Estate Income Trust, Inc. incurred loan of $690,000,000 with Wells Fargo Bank, National Association and JPMorgan Chase Bank, National Association at one-month Term SOFR plus a spread of approximately 210 basis points maturing initial term of two years and three one-year extension options.

Instrument: loan
Principal: $690,000,000
Counterparty: Wells Fargo Bank, National Association and JPMorgan Chase Bank, National Association
Rate: one-month Term SOFR plus a spread of approximately 210 basis points
Maturity: initial term of two years and three one-year extension options
Event: incurrence

Exact text from the filing

On May 1, 2026, MIH Propco LLC (the “Borrower”), a subsidiary of the MIH JV, entered into a loan agreement with Wells Fargo Bank, National Association and JPMorgan Chase Bank, National Association (collectively, the “Lender”), providing for a mortgage loan in the principal amount of $690,000,000 (the “Loan”), the proceeds of which were used, together with equity contributions from the members of the MIH JV, to finance the acquisition of the Property.

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Sculptor Diversified Real Estate Income Trust, Inc. completed an acquisition involving Trinity Hotel Acquisitions LLC for $835.0 million (closed 2026-05-01).

Action: acquisition
Counterparty: Trinity Hotel Acquisitions LLC
Consideration: $835.0 million
Closing: 2026-05-01

Exact text from the filing

in 1982 and renovated in 2016) and the Lanai Tower (built in 2019). The MIH JV acquired a fee simple interest in the Property. The aggregate purchase price for the Property was $835.0 million. The acquisition was funded with $690 million of proceeds from the Loan (defined below) and the remainder from equity contributions from the members of the MIH JV (approximately

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sculptor Diversified Real Estate Income Trust, Inc. entered into MIH Member JV with Sculptor Real Estate MI Fund, LP, Sculptor Real Estate Parallel Fund V D Co-Investments, LP, Sculptor Real Estate Fund V C Co-Investments, LP valued at $87.0 million (effective 2026-05-01).

Action: entry
Agreement: collaboration
Counterparty: Sculptor Real Estate MI Fund, LP, Sculptor Real Estate Parallel Fund V D Co-Investments, LP, Sculptor Real Estate Fund V C Co-Investments, LP
Value: $87.0 million
Effective: 2026-05-01

Exact text from the filing

On May 1, 2026, Sculptor Diversified Real Estate Income Trust, Inc. (the “Company,” “we,” “our”), through our wholly owned subsidiary MIH Investor LLC, entered into a joint venture (the “MIH Member JV”) with Sculptor Real Estate MI Fund, LP (“MI Fund”), Sculptor Real Estate Parallel Fund V D Co-Investments, LP (“Fund V D”), and Sculptor Real Estate Fund V C Co-Investments, LP (“Fund V C”), each of which is an investment fund managed by affiliates of our Adviser.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sculptor Diversified Real Estate Income Trust, Inc. entered into Loan with Wells Fargo Bank, National Association and JPMorgan Chase Bank, National Association valued at $690,000,000 (effective 2026-05-01).

Action: entry
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association and JPMorgan Chase Bank, National Association
Value: $690,000,000
Effective: 2026-05-01

Exact text from the filing

On May 1, 2026, MIH Propco LLC (the “Borrower”), a subsidiary of the MIH JV, entered into a loan agreement with Wells Fargo Bank, National Association and JPMorgan Chase Bank, National Association (collectively, the “Lender”), providing for a mortgage loan in the principal amount of $690,000,000 (the “Loan”), the proceeds of which were used, together with equity contributions from the members of the MIH JV, to finance the acquisition of the Property.

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Source: SEC EDGAR

accession 0001914496-26-000076

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