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Bluerock Private Real Estate Fund Boosts Distributions

In a significant move for its investors, Bluerock Private Real Estate Fund (ticker: BPRE) has declared an increase in its distributions for the months of May and June 2026. This announcement continues the Fund's trend of enhancing distribution payouts since its strategic transition to monthly distributions in January 2026.

The increase amounts to $0.1208 per share for both May and June, translating into an annualized market distribution rate of approximately 8.3%, and a tax-equivalent distribution rate reaching 13.1% based on the BPRE sharing closing price of $17.40 as of March 17, 2026. This increase signals a strong confidence from the management in the Fund's operational strategy, focusing on sectors that promise higher yields, resilient income, and improved risk-adjusted returns.

Performance Highlights

Bluerock's recent performance has been noteworthy, achieving the highest total return among real estate listed closed-end funds since its listing on December 16, 2025, with a remarkable total return of 26.9%. Furthermore, for the year-to-date period, BPRE also stands out with a total return of 18.4%. This performance underscores the Fund's commitment to delivering value to its shareholders through strategic investment decisions and an adaptable portfolio.

Future Distribution Timeline

The details for the upcoming distributions are as follows:

• - May 2026

- Record Date: May 20, 2026
- Ex-Dividend Date: May 20, 2026
- Pay Date: May 29, 2026
- Distribution Amount per Share: $0.1208

• - June 2026

- Record Date: June 17, 2026
- Ex-Dividend Date: June 17, 2026
- Pay Date: June 30, 2026
- Distribution Amount per Share: $0.1208

Investment Strategy and Capital Allocation

As of February 28, 2026, BPRE boasts net assets under management totaling approximately $3.4 billion. Currently, the Fund has investments in 28 private equity and 5 private debt real estate ventures, collectively valued at around $250 billion. Notably, the diversification of BPRE's portfolio emphasizes segments where the management perceives optimal growth potential.

The Fund also offers a Distribution Reinvestment Plan (DRIP), providing investors with a structured approach to automatically reinvest monthly distributions into additional shares. This facility allows for enhanced compounding benefits and, in certain circumstances, enables participants to acquire shares at favorable prices, such as potential purchases at a discount to Net Asset Value (NAV).

Exclusive Access for Investors

BPRE is distinct as the only listed closed-end fund that provides dedicated access to private institutional real estate, which has traditionally been an asset class limited to large institutional investors and ultra-high-net-worth individuals. Through BPRE, shareholders can benefit from an income-oriented investment strategy focused on high-quality private real estate across various sectors while also including real estate credit exposure.

Important Considerations

It is crucial for investors to note that some or all of the Fund's distributions might be categorized as a return of capital. BPRE provides informative notices concerning the sources of distribution at the time they are distributed. Detailed information is additionally available on the Fund's website.

In conclusion, Bluerock Private Real Estate Fund is making strides in enhancing investor value through consistent increases in its distributions, exceptional returns, and a commitment to strategically allocating capital across asset sectors. As the landscape of real estate investment evolves, BPRE continues to position itself as a robust option for those seeking both consistent income and growth opportunities in the market.