PGIM Private Real Estate Fund 424B3Prospectus supplement

Filed pursuant to Rule 424(b)(3)
File No. 333-259133 

PGIM PRIVATE REAL ESTATE FUND, INC.  

SUPPLEMENT NO. 3 DATED AUGUST 21, 2024 

TO THE PROSPECTUS AND THE STATEMENT OF ADDITIONAL INFORMATION 

DATED APRIL 26, 2024 

This supplement (“Supplement”) is part of and should be read in conjunction with the prospectus (as supplemented to date, the “Prospectus”) and statement of additional information (“SAI”) of PGIM Private Real Estate Fund, Inc. (the “Fund”), dated April 26, 2024. This Supplement supersedes and replaces in its entirety Supplement No. 2, dated July 17, 2024. Unless otherwise defined herein, capitalized terms used in this Supplement shall have the same meanings as in the Prospectus and SAI. 

The purpose of this Supplement is to provide an update on a recent acquisition of assets.  

Recent Asset Acquisition 

On July 3, 2024, the Fund closed on a $18,000,000 loan as part of a $28,775,000 commitment for a cross-collateralized mezzanine loan to recapitalize a portfolio of three multifamily assets – two located in Hackensack, NJ and one in Bound Brook, NJ. The portfolio has a total of 568 units, is 95% occupied, and was built between 2014-2019. The assets are well-located and walkable to public transportation and located near local amenities.