NEW YORK, August 12, 2021 / PRNewswire / – Bluerock Capital Markets, LLC ("BCM" or "Company"), a distributor of institutional alternative investment products and the dedicated dealer manager for Bluerock Real Estate ("Bluerock"), reported another record month of new equity inflows with over $ 192 million in July, over 13% more than the previous record in June 2021, with robust sales in all three investment products from Bluerock1. At the time of this writing, Bluerock's capital inflows have exceeded for 2021 $ 1 billion, with sequential upward momentum on a monthly basis.
(PRNewsfoto / Bluerock Capital Markets, LLC)
The record month was led by Bluerock's premier institutional real estate fund, the Bluerock Total Income + Real Estate Fund (the "Fund") for more than $ 128 million of new equity inflows in July 2021, a significant 21% increase from the previous record set in June 2021. The fund continues to have a significant market share of total industrial capital invested in closed-ended interval funds, with a market share of 18% in YTD through. held June 2021 with total new capital inflows of more than $ 580 million through June 20212.
The company reports that new capital inflows into the fund are being driven by strong overall performance, which has brought shareholders a remarkable 13% net return (I-stake: TIPWX) after the bottom of the pandemic (September 2020) through July 31, 2021, with a notable 95% increase in the period percentage (i.e. daily returns positive to neutral) over the same period3. In addition, the fund's I-share has had a standard deviation of 1.6% since inception, less than half that of Bloomberg Barclay's US Aggregate Bond Index and about 1/13 the volatility of the S&P 500 over the same period4. The fund's industry-leading performance spans multiple time periods, with both the A and I shares of the fund having the highest total net returns in the past 3 and 5 years of any active real estate sector interval funds to July 20215.
The story goes on
The company similarly reported a monthly record high of more than $ 42 million in July. BRG holds a solid 49% market share of new investment in non-traded preferred stocks within the direct investment industry2. In addition, the company continues to hold a top position in the sale of 1031 / DST exchange programs among all sponsors through Bluerock Value Exchange (BVEX) 6, including new capital inflows of more than $ 20 million in July and more than $ 100 million on sale YTD.
"We believe that the significant and continuous increases in our capital inflows from each of our intermediary distribution channels are directly related to the strong and consistent performance of each of our investment products," said Jeffrey S. Schwaber, CEO of Bluerock Capital Markets. "Bluerock's portfolio managers continue to drive substantial returns, tax efficiency and growth for investors, with low volatility leading to oversized total and risk-adjusted returns. Given the looming inflation, tax law changes and concerns about the late cycle of the stock market, we believe Bluerocks is a conservative return on investment. and the total return approach is a valuable solution for consultants and their customers ", continues Schwaber.
1 Includes dividends reinvested.
2 Source: R.A. Stanger, exit Market Pulse June 2021.
3 Source: Morningstar Direct. Overall, I share the returns 09/25/2020 to 07/31/2021.
4 Source: Morningstar Direct, I share the foundation 4.1.2014 – 07/31/2021
5 Source: Morningstar Direct July 31, 2021, Real estate interval funds listed on intervalfundtracker.com. According to Morningstar data, TIPRX achieved the highest total return of all 10 real estate interval funds for July 2021, the 3-year period ends July 2021 which comprised eight funds, and the 5-year period ended July 2021 including seven funds. Criteria based on trailing total returns for the respective time periods.
6 Mountain Dell Research.
TI + fund classes A and I share the net performance
|
Presentation until June 30th, 2021 |
||||
|
YTD until July 31, 2021 |
A year |
Five years |
Annualized since inception7 |
|
|
TI + fund class A |
9.91% |
8.43% |
6.43% |
7.47% |
|
TI + Class A with Maximum Selling Fee8 |
3.60% |
2.19% |
5.18% |
6.74% |
|
TI + fund class I |
10.09% |
8.69% |
6.70% |
7.04% |
The returns shown are the total net return: Expressed as a percentage, the total return is calculated by taking the price change into account, reinvesting all income and capital gains distributions during the period, if applicable, and dividing by the starting price. Returns greater than one year are annualized.
7 is the launch date of the Class A Share of the TI + Fund October 22, 2012 and Class I portion is April 1, 2014.
8 The maximum sales charge for Class A Shares is 5.75%. Investors may be entitled to a waiver or a reduction in the initial charge.
The performance data cited here represent past performance. The current performance can be lower or higher than the performance data given above. The return on investment and the net present value fluctuate, so that units can be worth more or less than their original acquisition costs when they are redeemed. For performance information by the end of the month, please call the toll-free number 1-888-459-1059. Past performance is no guarantee of future results.
The total annual operating expense ratio of the Fund, before the deduction of fee waivers or reimbursements, is 2.18% for Class A and 1.92% for Class I. The Fund's Investment Adviser has contracted to reduce its fees and / or increase expenses of the Fund take. at least until January 31, 2022 for Class A and I Shares to ensure that the annual net operating costs of the Fund for Class A 1.95% and for Class I 1.70% of the average daily net assets of the Fund allocated to Class A and I, respectively is attributable, not exceed. , subject to a possible repayment from the fund in the coming years. Please read the fund's prospectus for further details on the exemption. The performance of a fund, especially for very short periods of time, shouldn't be the only factor influencing your investment decisions. Fund performance and distributions are shown net of fees.
The Bluerock Total Income + Real Estate Fund is a closed interval fund that invests the majority of its assets in institutional private equity real estate securities, which are generally only available to institutional investors who meet the multi-million dollar minimum investment criteria. As of the first quarter of 2021, the value of the underlying properties held by the securities in which the Fund is invested will be approximately $ 238 billion, including investments managed by Ares, Blackstone, Morgan Stanley, Principal, PGIM, Clarion Partners, Invesco and RREEF, among others. The minimum investment in the fund is $ 2,500 ($ 1,000 for pension plans) for shares of classes A, C and L.
Copies of TI + publicly traded companies can be found on the U.S. website. Securities and Exchange Commission at sec.gov or on the company's website at bluerockfunds.com.
About the Bluerock Total Income + Real Estate Fund
The Bluerock Total Income + Real Estate Fund offers private investors access to a portfolio of institutional real estate stocks managed by first-class fund managers. The fund seeks a comprehensive real estate portfolio that offers a combination of current income, capital preservation, long-term capital appreciation and improved portfolio diversification with low to moderate volatility and low correlation to the broader equity and bond markets. The fund uses an exclusive partnership with Mercer Investment Management, Inc., the world's leading advisor for foundations, pension funds, sovereign wealth funds and family offices worldwide with over 3,300 clients worldwide and over $ 15.0 trillion in advisory capacity.
Investing in the Bluerock Total Income + Real Estate Fund involves risk, including loss of capital. The Fund intends to invest in a number of real estate securities which may incur additional fees and expenses, including management and performance fees, for the Fund that could adversely affect returns and expose the Fund to additional risks, including a lack of control, as further described in the prospectus.
The Fund's distribution policy is to make quarterly distributions to shareholders. The amount of the quarterly distributions (including any capital returns) is not fixed and this distribution policy is subject to change. Shareholders should not assume that the Fund's distribution will be net income. All or part of the distributions will consist of a capital repayment based on the nature of the distributions from the underlying holdings, primarily real estate investment trusts. The final determination of the source and tax characteristics of all distributions takes place at the end of each year. Shareholders should note that the capital repayment will reduce the tax base of their Shares and potentially increase the taxable gain, if any, on the sale of their Shares. There is no assurance that the Company will continue to announce dividends or will proceed at these rates. There can be no assurance that any investment will effectively achieve the Fund's investment objectives, generate positive returns or prevent losses.
Limited liquidity will only be made available to Shareholders through the Fund's quarterly repurchase offers for at least 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 wish in a quarterly repurchase offer. The Fund's quarterly repurchase of its Shares will typically be financed from available cash or sales of securities in the Portfolio. Selling securities to buy back the Fund could lower the market price of those securities which in turn would decrease the Fund's Net Asset Value.
Investors should carefully consider the investment objectives, risks, fees and expenses of the Bluerock Total Income + Real Estate Fund. This and other important information about the fund are contained in the prospectus, which is available online at bluerockfunds.com. The Bluerock Total Income + Real Estate Fund is distributed by ALPS, Inc. The prospectus should be read carefully before investing. Bluerock Fund Advisor, LLC is not affiliated with ALPS, Inc.
About Bluerock
Bluerock is a leading institutional alternative asset manager with approx. $ 9.7 billion of the acquired and managed assets domiciled in Manhattan with regional offices in the USA The Bluerock principles have over 100 years of combined investment experience with more than $ 48 billion Real estate and capital markets experience and have helped launch leading private and public corporate platforms.
About Bluerock Capital Markets
Bluerock Capital Markets, LLC (BCM) acts as Managing Broker Dealer for Bluerock and is a member of FINRA / SIPC. Founded in 2010, BCM sells a wide range of institutional investment products with growth, income and tax benefits exclusively through broker dealers and investment professionals, including the Bluerock Total Income + Real Estate Fund, Bluerock Residential Growth REIT, Inc. and sponsored programs of Bluerock Value Exchange, LLC . BCM was one of the top 3 fundraisers among all active managing broker traders in the direct investment industry over the past three year period (2018-2020)
About Bluerock Residential Growth REIT
Bluerock Residential Growth REIT, Inc. is a real estate investment trust focused on developing and acquiring a diversified portfolio of highly skilled, institutional quality residential, work and play housing communities in demographically attractive growth markets of the knowledge economy for renters of choice to address. The aim of the BRG is to create value through off-market / relationship-based transactions and at the asset level through value-adding improvements to real estate and operations. BRG reports assets $ 2.4 billion and around 17,900 residential units. BRG has chosen to be taxed as a Real Estate Investment Trust (REIT) for US federal income tax purposes.
Via Bluerock Value Exchange
Bluerock Value Exchange is a national sponsor of 1031 syndicated public offering with a focus on Premier Exchange Properties™ that aim to deliver stable cash flows and value creation potential. Bluerock has structured 1031 exchanges at approximately $ 2 billion Total property value and 10 million square feet of land.
The Bluerock Residential Growth REIT's preferred stock and Bluerock Value Exchange programs are offered by Bluerock Capital Markets, LLC. The Bluerock Total Income + Real Estate Fund is distributed by ALPS Distributors Inc. Bluerock Capital Markets, LLC is not affiliated with ALPS Distributors, Inc. or Mercer Investment Management, Inc. ALPS Distributors, Inc. is not affiliated with Bluerock Residential Growth REIT.
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