Bluerock Total Income+ Real Estate Fund has paid a fourth quarter distribution of $0.3876 per share, or 1.31% for the quarter, based on the share price of $29.53 (A-shares) for shareholders of record as of December 11, 2020. This distribution amount represents an annualized rate of 5.25%* based on the current share price, marking the Fund’s 32nd consecutive quarterly distribution. Since inception in 2012, TIPRX has paid $11.79 of distributions to its shareholders. In addition to these quarterly distributions, TIPRX NAV has grown over 18% from $25 to $29.53 per share (as of 12.11.2020).
“The Fund maintained its 5.25% annual distribution rate throughout a challenging 2020 which we believe is a key feature of the Fund and a testament to the long term historic stability of the institutional real estate asset class,” said Jeffrey Schwaber, CEO of Bluerock Capital Markets.
Since inception, TI+ has delivered on its stated objectives, including current income and capital appreciation as well as low correlation and low volatility relative to the broader markets.
Net assets under management for TI+ are approximately $2.35 billion as of December 11, 2020. TI+ currently maintains positions in 23 private equity and 2 private debt real estate investments, with underlying assets valued at approximately $194 billion (holdings are subject to change at any time and should not be considered investment advice).1
1 For detailed Fund holdings, please visit http://bluerockfunds.com/investment-holdings/
TI+ A Share Fund Net Performance
Performance through 9.30.2020 |
Performance Through 12.11.2020 |
|||
One Year |
Five Year |
Annualized Since Inception2 |
Annualized Since Inception |
|
TI+ Fund Class A |
1.60% |
5.88% |
7.00% |
7.11% |
TI+ Class A¹ with Max Sales Charge |
-4.24% |
4.63% |
6.20% |
6.33% |
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. |
1 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. |
2 Inception date of the Fund is October 22, 2012. |
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 2.21% for Class A, 2.96% for Class C, 1.96% for Class I, and 2.45% for Class L. The Fund’s investment advisor has contractually agreed to reduce its fees and/or absorb expenses of the fund, at least until January 31, 2021 for Class A, C, I and L 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, and 2.20% for Class L, per annum of the Fund’s average daily net assets attributable to Class A, Class C, Class I, and Class L 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.
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 Q3 2020, the value of the underlying real estate held by the securities in which the Fund is invested is approximately $194 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.
For copies of TI+ public company filings, please visit the U.S. Securities and Exchange Commission’s website at www.sec.gov or the Company’s website at www.bluerockfunds.com.