Bluerock Total Income+ Real Estate Fund (“TI+” or “Fund”) provides access to a diversified holding of large, private real estate securities typically available only to institutions (and without the large minimum investment and long holding period normally required).
TI+ seeks to invest within two, primary categories:
Private Equity Real Estate Securities
Which acquire and receive rental income from the direct ownership of real estate which include but are not limited to retail, office, multifamily, hospitality, industrial, residential, medical and self-storage properties. These private real estate securities have been historically unavailable to individual investors, due to their large minimum investment requirements.
Publicly Traded Real Estate Securities
Which invest in the debt and equity issued by publicly traded real estate investment trusts (REITs) and other similar structures.
The Fund’s disciplined investment strategy focuses on identifying opportunities that may provide:
- Current income generation
- Attractive risk-adjusted returns
- Low to moderate volatility
- Low correlation to the broader markets
To seek a combination of current income, capital appreciation, long-term capital appreciation and low volatility, the Fund’s portfolio is strategically diversified by geography, sector, and manager.
Diversity by Geography
TI+ seeks diversification by geography, focusing on real estate assets in high-growth, top-tier markets and investing primarily across all major regions of the United States.
Diversity by Sector
TI+ invests in strategies diversified by property sector, including retail, office, multifamily, industrial, and other. Each real estate sector has its own investment and economic cycles, adding further diversity to the portfolio.
Diversity by Manager
TI+ seeks to identify a mix of leading real estate investment managers to help achieve its objectives. The Fund’s current investments allow shareholders to invest directly alongside some of the nation’s largest public pension and retirement entities. The Gross Asset Value of the underlying real estate in the securities listed below surpasses $124+ billion.
There is no guarantee that the Fund will achieve its objectives, generate profits, or avoid losses. No level of diversification or non-correlation can ensure profits or guarantee against losses.
S&P 500 (Large Cap Stocks): An unmanaged composite of 500 large-capitalization companies, chosen for market size, liquidity and industry grouping, among other factors. The S&P 500 is designed to be a leading indicator of U.S. equities and is meant to reflect the risk/return characteristics of the large cap universe. Risks include the dynamic fluctuations of the market and possible loss of principal. You cannot invest directly in an index and unmanaged indices do not reflect fees, expenses or sales charges.
NCREIF NPI Total Return (Institutional Private Real Estate): The NCREIF Property Index (NPI) data is based on institutional investments and presented exclusive of leverage and fees. The NPI is based on the unleveraged returns from a large pool of individual, investment grade commercial real estate properties across retail, office, industrial, and apartment sectors. The market values of the properties in the NPI are determined by appraisals and not by market – based prices of the programs. Risks include declining property values, supply & demand factors, economic health of the country and/or regions and strength of industries that rent properties.
NAREIT All Equity Return (Public Real Estate): The FTSE NAREIT US Real Estate Index Series is designed to present investors with a comprehensive family of REIT performance indexes that span the commercial real estate space across the US economy, offering exposure to all investment and property sectors. The FTSE NAREIT All Equity REITs index contains all tax-qualified REITs with more than 50 percent of total assets in qualifying real estate assets other than mortgages secured by real property that also meet minimum size and liquidity criteria.
Bonds: Federal Reserve of St. Louis 10-year yields, represents medium term fixed income yields.
T Bills: 3-month treasury bill yield, represents short term fixed income yields. The 10-year and 3 – month government bonds are considered low risk investments backed, but not guaranteed, by the U.S. Government.