Home Alts News Bluerock’s Interval Fund Reports $30.10 NAV for Class A Shares

Bluerock’s Interval Fund Reports $30.10 NAV for Class A Shares

Bluerock’s Total Income+ Real Estate Fund (Tickers: TIPRX, TIPPX, TIPWX, TIPLX), a closed-end interval fund, announced that the net asset value for its Class A shares, the fund’s longest running share class, eclipsed the $30 per share mark.

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Bluerock’s Total Income+ Real Estate Fund (Tickers: TIPRX, TIPPX, TIPWX, TIPLX), a closed-end interval fund, announced that the net asset value for its Class A shares, the fund’s longest running share class, eclipsed the $30 per share mark. This represents a 20 percent appreciation compared to its initial NAV of $25 per share from October 22, 2012. As of June 12, 2018, the fund’s Class A shares reported at $30.10 per share.

“In addition to paying consistent, tax-efficient distributions, totaling more than $7.42/share since inception, TI+ has delivered appreciation along with industry-leading performance in risk-adjusted returns, a key data point to measure both total return and volatility,” reported Jeffrey Schwaber, chief executive officer of Bluerock Capital Markets.

From its inception through May 2018, Bluerock noted that its interval fund has generated total annualized returns of 8.21 percent and paid 18 consecutive distributions at the current annualized rate of 5.25 percent.

The Total Income+ Real Estate Fund has made investments into underlying securities that include more than $165 billion in real estate assets, comprising more than 2,900 properties across the U.S. The fund partners with Mercer Investment Management Inc. to select institutional private real estate managers, including AEW, Blackstone, Morgan Stanley, J.P. Morgan, and RREEF, among others. Mercer is a leading advisor to endowments, pension funds, sovereign wealth funds and family offices globally, with $11 trillion in assets under advisement.

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