NEW
YORK, March 21, 2024 /PRNewswire/ -- Bluerock
Total Income+ Real Estate Fund ("TI+," tickers: TIPRX, TIPPX,
TIPWX, TIPLX, TIPMX) has paid a first quarter distribution of
$0.3738 per share, or 1.3125% for the
quarter, based on the share price of $28.48 (A-shares) for shareholders of record as
of March 20, 2024, marking the Fund's
45th consecutive quarterly distribution. This distribution amount
represents an annualized rate of 5.25%* based on the current
share price. Since inception in 2012 at a $25 NAV per share,
TIPRX has paid approximately $17.46
per share in total distributions to its shareholders, with a 66%
historical average tax efficiency on those distributions.* A
hypothetical shareholder who invested $100,000 in the A shares, no load at inception on
10.22.2012 would have received a
cumulative total of approximately $69,840 in distributions. In addition to these
quarterly distributions, TIPRX NAV has grown approximately 14% from
$25.00 (at inception) to $28.48 per share (as of 3.20.2024), generating a
6.71% annualized return since inception (as of
12.31.23).1
"We are pleased the Fund has delivered significant income with
45 consecutive quarterly distributions to its valued shareholders
as well as appreciation in addition to the income for attractive
total returns. We believe private real estate pricing is bottoming,
presenting tremendous opportunities for savvy investors," said
Jeffrey Schwaber, CEO of Bluerock
Capital Markets. "Our outlook is particularly bright for the Fund's
high conviction sectors of industrial, residential, and life
sciences which have exhibited significant year-over-year NOI growth
and believe will lead a robust market rebound and generate
attractive income and total returns for the Fund," added
Schwaber.
Since inception, TI+ has delivered on its stated objectives,
including generating current income and capital appreciation as
well as maintaining low correlation and low volatility relative to
the broader markets.
Net assets under management for TI+ are approximately
$5.1 billion as of March 20, 2024 making it the largest real estate
focused 1940 Act interval fund in the industry. TI+ currently
maintains positions in 34 private equity and 4 private debt real
estate investments, with underlying assets valued at approximately
$380 billion (holdings are subject to
change at any time and should not be considered investment
advice).2
1 Source: Morningstar Direct. Past Performance
is no guarantee of future results. Short term performance is not
necessarily indicative of long-term performance.
2 For detailed Fund holdings, please visit
bluerock.com/ti-fund/investment-holdings
TI+ A-Share & I-Share Fund Net Performance
|
Performance Through
12.31.2023
|
|
One
Year
|
Five
Year
|
Ten
Year
|
Annualized Since
Inception3
|
TI+ Fund Class
A
|
-11.70 %
|
5.12 %
|
6.18 %
|
6.71 %
|
TI+ Fund Class A
with
MaxSales Charge4
|
-16.77 %
|
3.89 %
|
5.85 %
|
6.15 %
|
TI+ Fund Class
I
|
-11.47 %
|
5.39 %
|
---
|
6.30 %
|
Returns presented are total net return: Expressed in percentage
terms, the calculation of total return is determined by taking the
change in price, reinvesting, if applicable, all income and capital
gains distributions during the period, and dividing by the starting
price. Returns greater than one year are annualized.
3 Inception date of the A share is October 22, 2012 and I share is April 1, 2014.
4 The maximum sales charge for the Class A shares
is 5.75%. Investors may be eligible for a waiver or a reduction in
the sales charge.
The performance data quoted here represents past performance.
Current performance may be lower or higher than the performance
data quoted above. Investment return and principal value will
fluctuate, so that shares, when redeemed, may be worth more or less
than their original cost. For performance information current to
the most recent month end, please call toll-free 1-888-459-1059.
Past performance is no guarantee of future results.
The total annual fund operating expense ratio, gross of any fee
waivers or expense reimbursements, is 3.15% for Class A, 3.87% for
Class C, 2.89% for Class I, 3.41% for Class L, and 3.67% for Class
M. The Fund's investment advisor has contractually agreed to reduce
its fees and/or absorb expenses of the fund, at least until
January 31, 2025 for Class A, C, I, L
and M shares, to ensure that the net annual fund operating expenses
will not exceed 1.95% for Class A, 2.70% for Class C and 1.70% for
Class I, 2.20% for Class L and 2.45% for Class M, per annum of the
Fund's average daily net assets attributable to Class A, Class C,
Class I, Class L, and Class M shares, respectively, subject to
possible recoupment from the Fund in future years. Please review
the Fund's Prospectus for more detail on the expense waiver. A
fund's performance, especially for very short periods of time,
should not be the sole factor in making your investment decisions.
Fund performance and distributions are presented net of
fees.
About Bluerock Total Income+ Real Estate Fund
The
Bluerock Total Income+ Real Estate Fund offers individual investors
access to a portfolio of institutional real estate securities
managed by top-ranked fund managers. The Fund seeks to provide a
comprehensive real estate holding designed to provide a combination
of current income, capital preservation, long-term capital
appreciation and enhanced portfolio diversification with low to
moderate volatility and low correlation to the broader equity and
fixed income markets. The Fund utilizes an exclusive partnership
with Mercer Investment Management, Inc., the world's leading
advisor to endowments, pension funds, sovereign wealth funds and
family offices globally, with over 16,000 clients worldwide, and
over $16.45 trillion in assets under
advisement.
The Bluerock Total Income+ Real Estate Fund is a closed-end
interval fund that invests the majority of its assets in
institutional private equity real estate securities that are
generally available only to institutional investors capable of
meeting the multi-million dollar minimum investment criteria. As of
Q4 2023, the value of the underlying real estate held by the
securities in which the Fund is invested is approximately
$380 billion, including investments
managed by Ares, Blackstone, Morgan Stanley, Principal, Prudential,
Clarion Partners, Invesco and RREEF, among others. The minimum
investment in the Fund is $2,500
($1,000 for retirement plans) for
Class A, C, and L shares and $1,000,000 for Class I shares, subject to
waiver.
For copies of TI+ public company filings, please visit
the U.S. Securities and Exchange Commission's website at
sec.gov or the Company's website at bluerockfunds.com.
Investing in the Bluerock Total Income+ Real Estate Fund
involves risks, including the loss of principal. The Fund intends
to make investments in multiple real estate securities that may
subject the Fund to additional fees and expenses, including
management and performance fees, which could negatively affect
returns and could expose the Fund to additional risk, including
lack of control, as further described in the prospectus.
* The Fund's distribution policy is to make quarterly
distributions to shareholders. The level of quarterly distributions
(including any return of capital) is not fixed and this
distribution policy is subject to change. Shareholders should not
assume that the source of a distribution from the Fund is net
profit. All or a portion of the distributions consist of a return
of capital based on the character of the distributions received
from the underlying holdings, primarily Real Estate Investment
Trusts. The final determination of the source and tax
characteristics of all distributions will be made after the end of
each year. Shareholders should note that return of capital will
reduce the tax basis of their shares and potentially increase the
taxable gain, if any, upon disposition of their shares. There is no
assurance that the Company will continue to declare distributions
or that they will continue at these rates. There can be no
assurance that any investment will be effective in achieving the
Fund's investment objectives, delivering positive returns or
avoiding losses.
66% is the simple average of the calendar year return of
capital (ROC) and non-dividend distributions from 1.1.2014-12.31.2023. ROC, for tax purposes,
should be distinguished from an economic return of capital, where
an investor is repaid out of its own contributions rather than from
the economic profits of the investment. As a tax law concept, an
ROC is not tied to an investment's financial performance. ROC
distributions reduce the stockholder's tax basis in the year the
dividend is received.
Limited liquidity is provided to shareholders only through
the Fund's quarterly repurchase offers for no less than 5% of the
Fund's shares outstanding at net asset value. There is no guarantee
that shareholders will be able to sell all of the shares they
desire in a quarterly repurchase offer. Quarterly repurchases by
the Fund of its shares typically will be funded from available cash
or sales of portfolio securities. The sale of securities to fund
repurchases could reduce the market price of those securities,
which in turn would reduce the Fund's net asset value.
Investors should carefully consider the investment
objectives, risks, charges and expenses of the Bluerock Total
Income+ Real Estate Fund. This and other important information
about the Fund is contained in the prospectus, which can be
obtained online at bluerockfunds.com. The prospectus should be read
carefully before investing.
The Bluerock Total Income+ Real Estate Fund is distributed
by ALPS Distributors, Inc (ALPS). Bluerock Fund Advisor, LLC is not
affiliated with ALPS.
Smart Investment Solutions™
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SOURCE Bluerock Total Income+ Real Estate Fund