Bluerock Proposes Major Shareholder Liquidity Event for Real Estate Fund

Bluerock Proposes Major Shareholder Liquidity Event for its Total Income+ Real Estate Fund

Bluerock, a prominent player in the real estate investment sector, has announced a pivotal development that could reshape the investment landscape for its Total Income+ Real Estate Fund (referred to as TI+). On July 3, 2025, the company proposed a significant liquidity event aimed at converting the fund from a closed-end interval fund into a publicly listed closed-end fund on the New York Stock Exchange. This strategic move, which received unanimous support from the Fund's Board, is designed to improve liquidity for shareholders and enhance long-term returns for investors.

As per Ramin Kamfar, the Founder and CEO of Bluerock, the decision is not only a reflection of thoughtful deliberation but also a direct response to ongoing engagement with investors. He stated, "This 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+." This sentiment is echoed by Ryan MacDonald, Bluerock's Chief Investment Officer, who noted that converting to a public offering would allow the fund to participate actively in the terrain of attractive buying opportunities presented by today’s private real estate market.

Enhanced Liquidity and Investment Opportunities

One of the primary motivations behind this proposal is to enable full daily liquidity for shareholders. With this transition, investors will have the flexibility to buy and sell shares on the NYSE without facing the usual redemption queues or proration that can accompany non-listed funds. This agility is expected to empower the fund to deploy its capital more effectively and take advantage of historically compelling market valuations.

Moreover, the financial framework of the fund will also undergo positive changes. By transitioning to a listed structure, it is projected that TI+ will offer enhanced total returns, translating into stronger and more frequent distributions to its investors, shifting from a quarterly to a monthly payout schedule. This is especially appealing to those investors seeking consistent income streams from their investments.

The Path Ahead: Shareholder Engagement

The proposed changes will require shareholder approval, which is tentatively scheduled for a special meeting on September 3, 2025. Bluerock's CEO Jeffrey Schwaber commented on the prospective benefits of this transition, outlining that the listing could establish TI+ as the largest real estate-focused closed-end fund globally, thereby increasing visibility and attracting a broader range of retail and institutional investors. Schwaber believes that the proposed listing signifies a vital evolution in the fund's structure, ultimately allowing for a better investment vehicle for all stakeholders.

This change also signifies an important moment for the Fund as shareholders are encouraged to actively participate in the voting. Schwaber emphasized the critical role of shareholder involvement, stating, “We encourage our shareholders to actively participate in this important vote and help shape the future of TI+.”

Looking Forward

Bluerock is confident about the future, as Kamfar states, “This conversion represents a structural evolution for TI+. It will allow shareholders to buy and sell shares on the NYSE without redemption queues or proration.” The executives behind Bluerock are enthusiastic about the Fund’s next chapter and express gratitude for the continued trust that their investors have placed in them.

For further details regarding the proposed conversion and the voting process, shareholders can consult the dedicated proxy materials available at tifundproxy.com. In addition, public company filings can be accessed on the U.S. Securities and Exchange Commission's website or through Bluerock’s official site at bluerockfunds.com.

Overall, this move not only showcases Bluerock’s commitment to enhancing shareholder value but also sets the stage for exciting opportunities in the competitive real estate market. Bluerock continues to position itself strategically within the investment community with a comprehensive suite of public and private investment programs aimed at delivering predictable income and superior capital growth, reinforcing its reputation as a key player in alternative asset management.

About Bluerock:
Bluerock is an institutional alternative asset manager headquartered in New York, boasting regional offices throughout the U.S. With over 100 years of collective investment experience and management of more than $19 billion in assets, Bluerock offers both public and private investment programs, catering to individual investors looking for reliable income solutions, capital growth, and tax advantages.

Media Contact:
Carly Hampton
Managing Director
carly@bluerock.com