PGIM Private Real Estate Fund, Inc. operates as a closed-end investment vehicle, established with the dual objective of generating consistent income and fostering substantial long-term capital appreciation. Its core investment strategy centers on allocating capital to private real estate assets. This encompasses a broad spectrum of investments, including direct property ownership, equity stakes in real estate or property-related enterprises, and debt instruments secured by real estate or associated companies, all acquired from private issuers or through private market transactions. The fund was launched on July 23, 2021, and its headquarters are located in Newark, New Jersey.