Bluerock Capital Markets LLC, a distributor of alternative investment products and the dealer manager for Bluerock, reported another monthly record of equity capital inflows of more than $334 million in November, surpassing the previous record of $240 million set in October by more than 40 percent.
The company has raised approximately $1.9 billion of new investor equity year-to-date through November, and its trailing three-month sales annualize to more than $3 billion, the company said.
The monthly raise was led by Bluerock’s closed-end interval fund, Bluerock Total Income+ Real Estate Fund, with nearly $196 million in new equity in November 2021, up 6 percent from the prior record set in October. The fund’s total new capital inflows exceed $1.2 billion year-to-date through November 2021.
Citing the most recent data published by Robert A. Stanger & Co., Bluerock said that the fund had the highest capital inflows year-to-date through October among all active interval funds within the direct investment industry.
Bluerock Total Income+ Real Estate Fund reportedly posted a 20 percent total net return to shareholders year-to-date (Class I share: TIPWX) with a 1.6 percent annualized standard deviation since inception as of December 3, 2021.
In addition, the non-traded Series T preferred stock program of Bluerock Residential Growth REIT also reported a monthly record of nearly $83 million of new equity investment during November, up 66 percent from the prior record of $50 million set in October.
Bluerock Residential Growth REIT (NYSE: BRG) is a publicly traded real estate investment trust with $2.4 billion in assets and approximately 17,900 apartment units and holds a 48 percent market share of new investments into non-traded preferred stock within the direct investment industry, the company said.
In addition, the Company reported a new monthly record of equity inflows for 1031 exchange/Delaware statutory trust programs through Bluerock Value Exchange with nearly $56 million raised in November eclipsing the previous monthly record set in August. The company said the record was “driven by strong organic demand and investors’ reinvestment of full-cycle capital” from recent Bluerock Value Exchange property dispositions.
“We continue to see strong demand and equity inflows for Bluerock’s entire suite of institutionally structured funds, led by its flagship institutional real estate fund, Bluerock Total Income+ Real Estate Fund. We believe capital tends to follow long term-positive performance and Bluerock’s exceptional track record of generating stable income with tax efficiency, growth and low volatility has earned the trust of the financial advisory industry,” said Jeffrey S. Schwaber, chief executive officer of Bluerock Capital Markets.
Bluerock is an alternative asset manager with approximately $11 billion of acquired and managed assets. The company is headquartered in Manhattan with regional offices across the U.S.