Bluerock Announces Shareholder Liquidity Event in Bluerock Total Income+ Real Estate Fund

NEW YORK, July 3, 2025 /PRNewswire/ -- Bluerock today announced a proposed shareholder liquidity event for its flagship real estate fund, the Bluerock Total Income+ Real Estate Fund ("TI+" or "Fund"). The proposed liquidity event, unanimously recommended by the Fund's Board, would convert TI+ from a closed-end interval fund to a listed closed-end fund, traded on the New York Stock Exchange. This transformative and shareholder-driven initiative is designed to deliver enhanced liquidity and the potential for stronger long-term returns to investors.

"This proposal is the result of thoughtful deliberation and direct engagement with our investors," said Ramin Kamfar, Founder and Chief Executive Officer of Bluerock, the Fund's sponsor. "It reflects our unwavering commitment to acting in the best interest of shareholders and our conviction that a listed structure is the optimal path to unlock long-term value in TI+. The Bluerock executive team and the Fund's Board are confident this is the right decision to position the Fund and our investors for lasting success."

The proposed conversion will allow for full daily liquidity while also enabling more agile capital deployment, better positioning the Fund to capitalize on the attractive buying opportunities in today's private real estate market. "By providing liquidity through the public markets, the Fund will be empowered to put all its capital to work at a time when valuations are historically compelling. We believe this may lead to enhanced total returns, and in turn, stronger and more frequent distributions, paid on a monthly vs. quarterly schedule," said Ryan MacDonald, Bluerock's Chief Investment Officer.

Certain aspects of listing the Fund will require shareholder approval at a special meeting tentatively scheduled for September 3, 2025.  Upon listing, TI+ would become the largest real estate-focused listed closed-end fund in the world.

"We believe TI+ would enjoy a substantial scale advantage in the public markets, enhancing visibility and liquidity. We also believe that listing the Fund will expand TI+'s investor universe, opening access to a much broader base of retail investors and institutional buyers, who we believe will find compelling value in TI+'s differentiated access to a curated portfolio of high-growth private real estate, invested alongside some of the most sophisticated institutional investors in the world," said Jeffrey Schwaber, CEO of Bluerock Capital Markets. "We strongly believe the proposed listing marks a pivotal evolution in the Fund's structure, allowing us to deliver a better path forward for our investors."

Shareholders are encouraged to review the proxy materials and to cast their vote. "This is a critical moment for the Fund," said Mr. Schwaber. "We encourage our shareholders to actively participate in this important vote and help shape the future of TI+."

"This conversion represents a structural evolution for TI+," said Mr. Kamfar. "It will allow shareholders to buy and sell shares on the NYSE without redemption queues or proration and will support the potential for higher returns and stronger, more frequent distributions. We are excited for the Fund's next chapter and are grateful for the trust our investors continue to place in us."

For more information about the proposed conversion and details on the voting process, shareholders can visit www.tifundproxy.com.

For copies of TI+ public company filings, please visit the U.S. Securities and Exchange Commission's website at sec.gov or the Company's website at bluerockfunds.com.

About Bluerock
Bluerock is a leading institutional alternative asset manager based in New York with regional offices across the U.S. Bluerock principals have a collective 100+ years of investing experience with more than $120 billion real estate and capital markets experience and manage multiple well-recognized real estate private and public company platforms. Today, Bluerock has more than $19 billion in acquired and managed assets and offers a complementary suite of public and private investment programs, with both short and long-term goals, to individual investors seeking solutions aimed at providing predictable income, capital growth, and tax benefits.

Media Contact:
Carly Hampton
Managing Director
[email protected]

SOURCE Bluerock