Bluerock Total Income+ Real Estate Fund Reports Record-Setting Monthly Return and Highest Return Among All Other Real Estate Sector Interval Funds for the Month, 3-and-5 Year Periods¹

Bluerock Total Income+ Real Estate Fund Reports Record-Setting Monthly Return and Highest Return Among All Other Real Estate Sector Interval Funds for the Month, 3-and-5 Year Periods¹

New York, NY (August 5, 2021) – Bluerock Total Income+ Real Estate Fund (“TI+” or “Fund”) tickers: TIPRX, TIPPX, TIPWX, TIPLX) announced a record-setting monthly net return to shareholders of 3.10% (A-share: TIPRX)2 and 3.13% (I-share: TIPWX) and the highest return compared to all other real estate sector interval funds for the month. The July 2021 return eclipses the Fund’s prior monthly record of 2.68% (A-share: TIPRX) set in January 2013. The strong July further boosted the Fund’s total returns from the trough of the pandemic (September 2020) to 12.84% (A-share: TIPRX) as of July 31, 2021, with a remarkable 95% up period percent (i.e. daily returns positive to neutral) over the same period.

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 through July 2021.1

Since inception in 2012 through July 2021, the Fund has generated a shareholder net annualized returns of 7.77% and a 92.81% cumulative net return (A-share: TIPRX) with positive net returns in each calendar year and all 12-month periods.2 The Fund has also ascended to the third largest interval fund by AUM among all 70+ active interval funds.3

“The Fund’s peer-leading performance is being driven in large part by continuous active management and investments in the sectors that are leading real estate returns, namely the industrial, life sciences, and multifamily sectors4,” said Jeffrey Schwaber, CEO of Bluerock Capital Markets.4 “Bluerock has a bullish long-term outlook on institutional private real estate for numerous reasons and in the short-term we note that post-recession periods have historically generated above average returns,” added Schwaber.

1 Source: Morningstar Direct as of July 31, 2021, real estate interval funds listed on intervalfundtracker.com. TIPRX generated the highest total return of all 10 real estate interval funds per Morningstar data for July 2021, the 3-year period ending July 2021 which included eight funds, and the 5-year period ending July 2021 which included seven funds. Criteria based on trailing total returns for the respective time periods.
2 TI+ A shares, no load. Returns would be lower if the load was included.
3 IntervalFundTracker.com
4 For detailed Fund holdings, please visit bluerockfunds.com/investment-holdings

TI+ Fund Net Performance

Performance through 7.31.2021
Performance through 6.30.2021
Trailing
Month
YTD
One Year
Since
Inception
One
Year
Five
Year
Since Inception5
TI+ Fund Class A
3.10%
9.91%
12.05%
7.77%
8.43%
6.43%
7.47%
TI+ Fund Class A
with Max Sales Charge6
-2.83%
3.60%
5.60%
7.04%
2.19%
5.18%
6.74%
TI+ Fund Class I
3.13%
10.09%
12.35%
7.41%
8.69%
6.70%
7.04%

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.
5 Inception date of the Fund is October 22, 2012. The inception date of the I shares is April 1, 2014.
6 The maximum sales charge for the Class A shares is 5.75%. Investors may be eligible for a waiver or a reduction in the sales charge.

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, 2.93% for Class C, 1.93% for Class I, and 2.42% for Class L. The Fund’s investment advisor has contractually agreed to reduce its fees and/or absorb expenses of the fund, at least until January 31, 2022 for Class A, C, I and L shares, to ensure that the net annual fund operating expenses will not exceed 1.95% for Class A, 2.70% for Class C and 1.70% for Class I, and 2.20% for Class L, per annum of the Fund’s average daily net assets attributable to Class A, Class C, Class I, and Class L shares, respectively, subject to possible recoupment from the Fund in future years. Please review the Fund’s Prospectus for more detail on the expense waiver. A fund’s performance, especially for very short periods of time, should not be the sole factor in making your investment decisions. Fund performance and distributions are presented net of fees.

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 $2.9 billion as of July 31, 2021. As of Q2 2021, the value of the underlying real estate held by the securities in which the Fund is invested is approximately $239 billion, including investments managed by Ares, Blackstone, Morgan Stanley, Principal, Prudential, Clarion Partners, Invesco and RREEF, among others3. The minimum investment in the Fund is $2,500 ($1,000 for retirement plans) for Class A, C, and L shares.

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.

About Bluerock Total Income+ Real Estate Fund
The Bluerock Total Income+ Real Estate Fund offers individual investors access to a portfolio of institutional real estate securities managed by top-ranked fund managers. The Fund seeks to provide a comprehensive real estate holding designed to provide a combination of current income, capital preservation, long-term capital appreciation and enhanced portfolio diversification with low to moderate volatility and low correlation to the broader equity and fixed income markets. The Fund utilizes an exclusive partnership with Mercer Investment Management, Inc., the world’s leading advisor to endowments, pension funds, sovereign wealth funds and family offices globally, with over 3,300 clients worldwide, and over $15.0 trillion in assets under advisement.

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 Bluerock Total Income+ Real Estate Fund is distributed by ALPS Distributors, Inc. Bluerock Fund Advisor, LLC is not affiliated with ALPS Distributors, Inc.