Bluerock Total Income+ Real Estate Fund Delivers a 2.57% Fourth Quarter Return and Bullish Outlook for 2021
January 27, 2021
NEW YORK, Jan. 27, 2021 /PRNewswire/ — Bluerock Total Income+ Real Estate Fund (“TI+”, “Fund” tickers: TIPRX, TIPPX, TIPWX, TIPLX) is pleased to announce a fourth quarter total return of 2.57% for the Fund’s institutional share class (TIPWX: I-share) and delivered its eighth consecutive year of positive total returns to shareholders. In addition, the Fund paid its 32nd consecutive quarterly distribution on December 14, 2020 at the annual distribution rate of 5.25%*. Distributions to Class A shareholders to-date have totaled $11.47 per share vs. the current share price of $29.24 (TIPRX: A-share, 12.31.2020).
“In a challenging year plagued by the global health pandemic and a steep recession, the Fund delivered its goals of positive returns with high income and low volatility,” said Jeffrey Schwaber, CEO of Bluerock Capital Markets. “The Fund demonstrated its ability to deliver low volatility with minimal drawdowns even in the depth of the downturn1 which validates its ability to serve as a building block in creating an efficient diversified portfolio for the investor. This marks 30 of 33 quarters of positive returns for the Fund primarily invested in an asset class that has 39 of 43 positive years since its inception with an average unleveraged annualized return of approximately 9%. We believe Institutional Private Equity Real Estate (iPERE) is an integral, non-correlated and low volatility component of a well-diversified portfolio, and should be a holding for life”, added Schwaber.
“This performance is a result of our multi-year strategic plan to tactically overweight real estate sectors that are driven by long term, macro trends such as e-commerce, demographic shifts, and science and technology forces”, noted Adam Lotterman, Co-Founder of the Fund Advisor and Sr. Portfolio Manager. “Specific sector overweighting included industrial, life science, multifamily and real estate debt which delivered strong outperformance in 2020 while the Fund had significantly reduced its exposure to 2020’s weaker performing sectors such as office, retail and hotel”, added Lotterman.
