Jul 2, 5:28 PM ET
Bluerock Private Real Estate Fund adds 0.20% services fee; adviser waives 53%
Effective July 1, 2026, the fund entered an Administrative Services Agreement with its adviser, Bluerock Fund Advisor, LLC, to cover administrative work tied to its shift from institutional investment funds into direct real estate holdings. The fund will pay a fee of 0.20% of average managed assets, but the adviser has voluntarily waived a portion equal to the fee on assets held in institutional investment funds, which the filing says is about 53% of the fee owed. The fund also said it had closed about $250 million of direct real estate investments and had about $450 million under contract or in its pipeline as of July 1, 2026.
- Administrative Services Agreement dated July 1, 2026, with Bluerock Fund Advisor, LLC; fee of 0.20% of average managed assets, payable monthly from July 1, 2026
- Adviser waives approximately 53% of the fee, based on investments as of July 1, 2026
- As of July 1, 2026: about $250 million of direct real estate investments closed; about $450 million under contract or in pipeline
- Agreement can be terminated on 60 days' written notice without penalty