NEW YORK , Oct. 24, 2024 /PRNewswire/ — BlueRock Total Income + Real Estate Fund (“TI+” or the “Fund”, ticker: TIPRX) today announced a $750,000 transaction with JPMorgan Chase & Co. announced that it has entered into a $10,000 revolving credit facility. Bank of America (“JPMorgan”) and RBC Capital Markets (“RBC”). JPMorgan is acting as lead manager for the new credit facility.
TI+ is the world’s largest real estate interval fund1 with approximately $4.6 billion in assets under management, and primarily utilizes credit facilities to strengthen the fund’s balance sheet and provide increasingly lower costs of capital compared to its non-bank predecessors. supports financial operations. credit system. The Fund’s previous credit facility was retired as part of this transaction.
Ramin Kamfar, founder and CEO of BlueRock, the fund’s sponsor, said: “The fund’s $750 million credit at competitive interest rates with JPMorgan and RBC “The allowance will lead to lower operating costs, which in turn will lead to higher net performance for shareholders.”
Jeffrey Schwarber, CEO of BlueRock Capital Markets, BlueRock’s exclusive dealer manager, said, “This transaction is a testament to the strength of TI+ and BlueRock, and is a testament to the strength of TI+ and BlueRock, which is a major “Banking institutions are committed to financing significant credit facilities on very attractive terms,” he added. That will benefit TI+ investors. ”
Bluerock is a leading alternative asset manager with over $18.7 billion in assets acquired and managed1 across a portfolio of real estate and credit products, and has been a pioneer in providing alternative solutions to individuals for more than 22 years. TI+, one of the company’s flagship investment solutions, provides retail investors access to institutional private real estate alongside the world’s largest institutional investors with an industry-leading track record since 2012 .
The fund’s new credit facility raising comes during a period of significant growth for BlueRock. The firm recently announced that it has partnered with Townsend Group (“Townsend ”) acquired a strategic stake.
ACRE Solutions, LLC and Eastdil Secured acted as advisors to Bluerock on this transaction.
About BlueRock Total Income + Real Estate Fund
Bluerock Total Income+ Real Estate Fund provides individual investors with access to a portfolio of institutional real estate managed by top-ranked fund managers. The fund aims to function as a comprehensive real estate holding, providing recurring income, capital preservation, and long-term capital appreciation with low to moderate volatility and low correlation to broader equity and debt markets. Designed to provide an enhanced portfolio diversification combination. . The fund utilizes an exclusive partnership with Mercer Investment Management, the world’s leading advisor to endowments, pension funds, sovereign wealth funds and family offices, with over 16,000 clients worldwide. with over $16.45 trillion in assets under advice.
About Blue Rock
Bluerock is a leading institutional alternative asset management firm headquartered in New York with offices throughout the United States. Bluerock’s principals have more than 100 years of combined real estate and capital markets experience and over $120 billion in investment experience, managing multiple well-known privately held properties. Public company platform. With over $18.7 billion in assets under acquisition and management, Bluerock provides public and private investors with both short-term and long-term goals seeking solutions for predictable income, capital growth, and tax benefits. We offer a complementary suite of public and private investment programs.
An investment in any share class of the Fund represents an investment in the same assets of the Fund. However, each share class has different purchase limits and ongoing fees and expenses. Please refer to the “Summary of Fund Expenses” in the Fund’s prospectus. If an investor hires a broker and is eligible to invest in more than one type of stock, the broker may help determine which type of stock is appropriate for the investor. When choosing a share class, you should consider the available share classes, the amount of your investment, the length of time you plan to hold your shares, and the total costs and expenses associated with a particular share class. Consult your financial advisor to determine which share class is best for you.
The ability of the Fund to achieve its investment objectives will depend in part on the Adviser’s ability to effectively allocate the Fund’s assets across the various asset classes in which it invests and to select investments within each asset class. There can be no guarantee that actual allocations will be effective in achieving the Fund’s investment objectives or providing positive returns.
Liquidity is provided through quarterly repurchase offers for 5% or more of the Fund’s shares by net asset value. There is no guarantee that investors will be able to sell all of their shares in a repurchase offer. An investment in the Fund is suitable only for investors who can bear the risks associated with the limited liquidity of the shares and should be viewed as a long-term investment. Before deciding to invest, you should (i) consider the suitability of this investment to your investment objectives and personal financial situation; and (ii) consider factors such as your personal net worth, income, age, risk tolerance, and liquidity needs. need to be considered. The organizations listed above are not affiliated with or invested in Bluerock or Bluerock Total Income+ Real Estate Fund. This list includes a sample of organizations that hold investments in at least two of the underlying portfolio holdings as of the publication date. A complete list is available upon request. The investment holdings of these organizations are subject to change at any time.
Investments in stocks represent indirect investments in securities owned by the Fund. The value of these securities, like other market investments, can rise and fall, sometimes rapidly and unpredictably. The Fund is “non-diversified” under the Investment Company Act of 1940, which means that it may invest more than 5% of its total assets in the securities of one or more issuers. As a result, changes in the financial condition or market value of a single issuer may cause the Fund’s net asset value to fluctuate more than a “diversified” fund. The Fund is not intended to be a complete investment program.
The Fund is exposed to the risk of economic disruption at the national or global level due to geopolitical or other similar events. For example, war, terrorism, market manipulation, government debt defaults, government shutdowns, political upheavals or diplomatic developments, public health emergencies (e.g., infectious disease outbreaks, pandemics, epidemics), and natural or environmental disasters can all affect securities securities. It may have a negative impact on the market. .
The Fund invests intensively in securities in the real estate industry. The value of the Fund’s shares is influenced by factors that affect the value of real estate and the earnings of companies engaged in the real estate industry. These factors include, among others: (i) changes in general economic and market conditions; (ii) changes in the value of real property; (iii) risks related to local economic conditions, overbuilding and increased competition; (iv) increases in property taxes and operating expenses; (v) Changes in zoning laws. (vi) Losses from casualties and convictions. (vii) changes in rental income, neighborhood values or the attractiveness of the property to tenants; (viii) Availability of Financing. (ix) Climate change. (x) Changes in interest rates. Many real estate companies utilize leverage, which increases investment risk and may adversely affect the company’s operations and market value when interest rates rise. The value of securities of companies in the real estate industry may repeatedly underperform and overperform relative to the general stock market.
The majority of the Fund’s underlying investments are in private real estate investment funds (“Institutional Investment Funds”) managed by institutional investment managers. Investing in institutional investment funds involves certain risks, including: Such investments require the Fund to bear a pro rata share of the vehicle’s expenses, including management fees and performance fees. The Adviser and Sub-Advisers have no control over investment decisions made through such vehicles. Such vehicles may utilize financial leverage. Such investments have limited liquidity. The valuation of such investments as of a particular date may differ from the actual sale price that would be obtained if such investments were sold to a third party.
Other risks associated with investing in the Fund are described in the “Risk Factors” section of the prospectus. This includes, but is not limited to: Correlated risk. Credit risk. Bond risk. Leverage risk. the risk of competition among the underlying funds; and Preferred Securities Risk.
Investors should carefully consider the investment objectives, risks, charges, and expenses of Bluerock Total Income+ Real Estate Fund. This and other important information about the Fund is contained in the prospectus, available online at bluerockfunds.com. You should read the prospectus carefully before investing.
Bluerock Total Income+ Real Estate Fund is distributed by ALPS Distributors, Inc. (ALPS). Bluerock Fund Advisor, LLC is not affiliated with ALPS.
1As of September 30, 2024.
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Source Bluerock Total Income+ Real Estate Fund
