Bluerock Raises Record $4 Billion of Investor Capital in 2022
Bluerock Capital Markets, a distributor of alternative investments and the dealer manager for Bluerock, announced a new annual record capital raise of over $4 billion in 2022.
This record resulted in the top spot for new equity capital exclusively in the registered investment advisors and independent broker-dealer channel, the highest inflows of all real estate interval funds and more than 4% of all new equity raised in the entire direct investment industry for 3rd highest overall.
Bluerock Capital’s inflows represent a 92% year-over-year increase from 2021’s record sales driven by sales of over $3.8 billion in Bluerock’s flagship interval fund, Bluerock Total Income+ Real Estate Fund, up 164% year-over-year, the launch of the company’s industrial REIT, Bluerock Industrial Growth REIT, and continued sales in Bluerock Value Exchange, Bluerock’s 1031 division.
“Entering 2022, we expressed our bullish outlook for institutional private real estate to outperform the broader markets as the sector has historically generated above average returns during high interest rate and high inflationary environments, notably 55% and 22% above historic average, and this trend proved correct again during the year,” said Jeffrey S. Schwaber, chief executive officer of Bluerock Capital Markets.
Bluerock Total Income+ finished 2022 up approximately 10% on the year while, according to Bluerock, public REITs were down 22% and most peer funds were flat to negative.
“Given the underlying healthy fundamentals of private real estate including broad-based high occupancy rates, low levels of debt, and an undersupply to demand, we believe private real estate will continue to weather the expected economic headwinds in 2023 and will be poised for the next upcycle, particularly in our high conviction sectors including the apartment, life-science, industrial and single-family rental home sectors,” said Schwaber.
Bluerock is an alternative asset manager with more than $14 billion of acquired and managed assets.
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