Bluerock’s Total Income+ Real Estate Fund (“the Fund,” ticker: TIPRX) announced today it paid a second quarter dividend of $.2379 per share for shareholders of record on June 27, 2013. The $.2379 dividend is an 83% increase over the first quarter dividend of $.13 a share.
Dr. Randy I. Anderson, President of Bluerock Real Estate and Portfolio Manager of the Total Income+ Real Estate Fund attributes the dividend increase to the Fund’s ability to invest in what he believes are many of the strongest real estate portfolios available.
The Fund also reported an annualized Sharpe Ratio of 7.23 year-to-date, nearly triple the other top-ranked real estate funds, as ranked by Bloomberg. The Sharpe Ratio seeks to measure investment performance per unit of risk.
“The second quarter had high volatility for traded real estate securities. However, our access to the institutional real estate markets helped provide consistency in both income and pricing,” Dr. Anderson said. “Overall, the fundamentals of the commercial real estate market appear to be improving and we could be entering a so-called ‘Goldilocks’ environment, where the demand is growing at a slow and steady rate and little new construction is keeping supply muted.”
The Total Income+ Real Estate Fund invests the majority of its assets in private real estate portfolios that generally have only been available to institutional investors who meet the multi-million dollar minimum investment criteria. As of the end of the second quarter, the Fund had total AUM of approximately $18.3 million. In the same time period, the value of the underlying real estate held by the institutional funds (in which TIPRX has invested) exceeded $23 billion and includes a national portfolio of office, retail, multi-family, industrial, hospitality, and specialty properties. The minimum investment in the Fund is $2,500 ($1,000 for retirement plans).
There can be no assurance that any investment will be effective in achieving the Fund’s investment objectives, delivering positive returns or avoiding losses.
About Total Income+ Real Estate Fund
The Total Income+ Real Estate Fund offers individual investors access to a portfolio of institutional real estate investment funds 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.