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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): March 30, 2026


CNL STRATEGIC RESIDENTIAL CREDIT, INC.

(Exact name of registrant as specified in its charter)


 

Maryland

 

000-56755

 

33-3001463

(State or Other Jurisdiction of

Incorporation or Organization)

 

(Commission

File Number)

 

(IRS Employer

Identification Number)

CNL Center at City Commons

450 South Orange Avenue

Orlando, Florida 32801

(Address of Principal Executive Offices; Zip Code)

Registrant’s telephone number, including area code: (407) 650-1000


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:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
None   N/A   N/A

 

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 8.01 Other Events. 

Determination of Net Asset Value for Outstanding Shares for the month ended February 28, 2026

 

On March 30, 2026, the board of directors (the “Board”) of CNL Strategic Residential Credit, Inc. (the “Company”) determined the Company’s net asset value per share for each share class in a manner consistent with the Company’s valuation policy. This table provides the Company’s aggregate net asset value and net asset value per share for its Class FA and Class E shares as of February 28, 2026:

 

Month Ended

February 28, 2026

Class E

Class FA

Total

Net Asset Value

$23,876,524

$545,987

$24,422,511

Number of Outstanding Shares

966,038

22,181

988,219

Net Asset Value, Per Share

$24.72

$24.62

 

Offering Price Adjustment

 

On March 30, 2026, the Company’s Board approved the new per share offering price for each share class in the Company’s private offering. As of February 28, 2026, the Company had not sold any Class A, Class T or Class I shares. The new per share offering prices for the Company's Class A, Class T and Class I shares are based on the Company's aggregate net asset value per share as of February 28, 2026 and are adjusted for applicable upfront selling commissions and dealer manager fees. The new offering prices will be used for the Company’s next monthly closing for subscriptions on March 31, 2026. The purchase price for shares purchased under our distribution reinvestment plan will be equal to the net asset value per share for each share class as of February 28, 2026. A subscriber may also obtain this information by calling us by telephone at (866) 650-0650. The following table provides the new offering prices and applicable upfront selling commissions and dealer manager fees, if any, for each share class available in the Company’s current private offering:

Class E Class FA Class A Class T Class I
Public Offering Price, Per Share $24.72 $24.62 $26.91 $25.85 $24.62
Selling Commissions, Per Share - - $1.61 $0.78 -
Dealer Manager Fees, Per Share - - $0.68 $0.45 -

 

Declaration of Distributions

On March 30, 2026, the Company’s Board declared a distribution on outstanding shares of our Class E common stock and Class FA common stock. For additional information regarding sources of distributions, please see the annual and quarterly reports the Company files with the Securities and Exchange Commission. The declared cash distributions on the outstanding shares of our common stock are based on a monthly record date, as set forth below:

 

Distribution

Record Date

Distribution

Payment Date

Declared Distribution Per Share for Each Share Class

 

 

 

Class E

Class FA

April 27, 2026

April 28, 2026

$0.166667

$0.166667

 

Portfolio Update

In January through March 30, 2026, the Company invested approximately $6.6 million in preferred equity of entities that acquire residential mortgage servicing rights (“MSR”) interests. In January through March 30, 2026, the Company purchased 61 residential mortgage whole loans for approximately $22.3 million.

   

 

Cautionary Note Regarding Forward-Looking Statements

Statements in this Current Report on Form 8-K, including intentions, beliefs, expectations or projections relating to the items described herein, are forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on the beliefs and assumptions of the Company’s management and on the information currently available to management at the time of such statements. Forward-looking statements generally can be identified by the words “believes,” “expects,” “intends,” “plans,” “will,” “estimates” or similar expressions that indicate future events. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company’s control. Any forward-looking statement made by us in this Current Report is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. Important risks, uncertainties and factors that could cause actual results to differ materially from those in the forward-looking statements include the risks associated with the Company’s ability to pay distributions and the sources of such distribution payments, the Company’s ability to locate and make suitable investments, the economy and the broader financial markets, which may have a significant negative impact on the Company's (and its businesses) financial condition, results of operations, cash flows and net asset value per share and other risks described in the Company’s reports and the other documents filed by the Company with the Securities and Exchange Commission.

   

 

  

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

Date: March 30, 2026

 

 

CNL Strategic Residential Credit, Inc.

a Maryland corporation

 

 

 

 

 

 

By:

/s/ Chirag J. Bhavsar

 

 

 

Chirag J. Bhavsar

Chief Executive Officer