The increase in the distribution rate reflects increasing income on CIM RACR’s floating rate real estate and credit investments and the expectation of improving net operating income on its real estate equity investments from recent strong leasing activity.
About 43% of the firm's CRE-related on-balance sheet alternative investments consisted of historical principal investments that Goldman Sachs intends to exit over the medium term, according to an investor presentation.
“We are pleased to win this prestigious award and on behalf of our shareholders, receive recognition from MMI/Barron’s and our peers, for our team’s hard work and dedication in delivering high risk-adjusted returns over the past 11 years in the Bluerock Total Income+ Real Estate Fund,” said Ramin Kamfar, Founder and CEO of Bluerock...
The Fund’s investment objective is to maximize total return, with an emphasis on current income, while seeking to invest in issuers that are helping to address certain United Nations Sustainable Goals through their products and services.
The offering contains 14 properties in 14 markets diversified across 10 states and 9 recession-resilient tenants, including ShopRite, CVS Pharmacy, GIANT Company, BioLife Plasma, Family Dollar, and Hobby Lobby.