|
Bluerock Capital Markets Logs a Record $2.1 Billion in Annual Capital Raise in 2021, Up 117% Over 2020, Driven by Substantial Increased Inflows Across All Investment Programs
BCM's record inflows represents a notable 117% year-over-year increase from 2020 driven by individual annual capital raise records for all three of its investment program verticals with sales of over "Entering 2021, we expressed our bullish outlook for institutional real estate commensurate with the economic recovery driven by strong overall demand and record-breaking rent growth across many property sectors, as well as the historical precedence for outsized real estate returns during post-recessionary periods", said 2021 Highlights of Bluerock's Investment Programs Include: The Bluerock Total Income+ Real Estate Fund (the "Fund" or "Bluerock Total Income+") closed 2021 with record inflows of over Further, Bluerock Total Income+ has been a consistent leader in risk-adjusted performance generating the single highest Sharpe and Sortino Ratios (key measures of risk-adjusted returns) of all 6,000+ domestic '40 Act funds in the trailing 5-year and since inception time periods as of 12.31.21, per Morningstar4. The Fund's peer-leading performance spans multiple time periods with the Fund's A-share and I-shares both reporting the highest total net returns in the trailing 3-year and 5-year periods among all active real estate sector interval funds as of The Fund has paid 36 consecutive quarterly distributions at a 5.25% annualized rate5 with an 8.6% annualized net return* since inception as of this release resulting in 335 basis points of annual appreciation above the annual distribution rate thereby providing shareholders with a combination of attractive income, tax efficiency3, growth, very low relative volatility and positive returns in every year since inception. *Returns would have been lower if the calculation reflected the load. Bluerock Residential Growth REIT (BRG) closed its offering of Series T Preferred Stock after raising over Bluerock Value Exchange successfully full-cycled three sponsored DST programs in 2021 resulting in 1 Includes distribution reinvestment. TI+ Fund Class A and I Share Net Performance
Returns presented are total net return: expressed in percentage terms, the calculation of total return is determined by taking the change in price, reinvesting, if applicable, all income and capital gains distributions during the period, and dividing by the starting price. Returns greater than one year are annualized. A fund's performance, especially for very short periods of time, should not be the sole factor in making your investment decisions. 6 Inception date of the TI+ Fund Class A share is The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month end, please call toll-free 1-888-459-1059. Past performance is no guarantee of future results. The total annual fund operating expense ratio, gross of any fee waivers or expense reimbursements, is 2.18% for Class A and 1.92% for Class I. The Fund's investment advisor has contractually agreed to reduce its fees and/or absorb expenses of the fund, at least until Definitions A basis point is a measurement with one basis point equal to 1/100th of 1%. An open-end fund is a type of mutual fund that does not have restrictions on the amount of shares the fund can issue. The majority of mutual funds are open-end, providing investors with a useful and convenient investing vehicle. Shares are bought and sold on demand at their net asset value (NAV), which is based on the value of the fund's underlying securities and is calculated at the end of the trading day. A closed-end fund is organized as a publicly traded investment company by the Securities and Exchange Commission (SEC). Like a mutual fund, a closed-end fund is a pooled investment fund with a manager overseeing the portfolio; it raises a fixed amount of capital through an initial public offering (IPO). The fund is then structured, listed and traded like a stock on a stock exchange. Unlike open-end funds, closed-end funds trade just like stocks. While open-end funds are priced only once at the end of the day, closed-end funds are traded and priced throughout the day. An ETF, or exchange-traded fund, is a marketable security that tracks a stock index, a commodity, bonds, or a basket of assets. Although similar in many ways, ETFs differ from mutual funds because shares trade like common stock on an exchange. The price of an ETF's shares will change throughout the day as they are bought and sold. Sharpe Ratio: Measurement of the risk-adjusted performance calculated by subtracting the annualized risk-free rate (3-month Treasury Bill) from the annualized rate of return for a portfolio and dividing the result by the annualized standard deviation of the portfolio returns. Annual standard deviation is the daily percentage change in an investment. Standard deviation shows how much variation from the average exists with a larger number indicating the data points are more spread out over a larger range of values. Maximum Drawdown: The maximum decline a security experiences prior to reaching its previous peak. Disclosures The Bluerock Total Income+ Real Estate Fund is a closed-end interval fund that invests the majority of its assets in institutional private equity real estate securities that are generally available only to institutional investors capable of meeting the multi-million dollar minimum investment criteria. Net assets under management for TI+ are approximately For copies of TI+ public company filings, please visit the U.S. Securities and Exchange Commission's website at www.sec.gov or the Company's website at www.bluerockfunds.com. Investing in the Bluerock Total Income+ Real Estate Fund involves risks, including the loss of principal. The Fund intends to make investments in multiple real estate securities that may subject the Fund to additional fees and expenses, including management and performance fees, which could negatively affect returns and could expose the Fund to additional risk, including lack of control, as further described in the prospectus. Limited liquidity is provided to shareholders only through the Fund's quarterly repurchase offers for no less than 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 desire in a quarterly repurchase offer. Quarterly repurchases by the Fund of its shares typically will be funded from available cash or sales of portfolio securities. The sale of securities to fund repurchases could reduce the market price of those securities, which in turn would reduce the Fund's net asset value. Investors should carefully consider the investment objectives, risks, charges and expenses of the Bluerock Total Income+ Real Estate Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained online at bluerockfunds.com. The prospectus should be read carefully before investing. The discussion of BRG securities herein relates solely to BRG's Series T Redeemable Preferred Stock, non-traded securities of BRG which have not been listed on any national exchange. The risks and rewards of investing in the Series T Preferred Stock are separate and distinct from an investment in BRG's common stock listed on the NYSE American. This is neither an offer to sell nor a solicitation of an offer to buy any securities. An offering is made only by the prospectus. The BRG Series T Preferred Stock investment program was closed as of About Bluerock About Bluerock Capital Markets A summary of Bluerock's three distinct investment programs include: About Bluerock Total Income+ Real Estate Fund About Bluerock Residential Growth REIT About Bluerock Value Exchange Bluerock Residential Growth REIT's Series T Preferred Stock and Bluerock Value Exchange's 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, Bluerock Value Exchange, and Bluerock Capital Markets.
SOURCE Bluerock Capital Markets, LLC Search NewsFilter ResultsPublication DateTopic
Provider |
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.