Business UpdateJul 2, 2026, 05:32 PM
Bluerock Private Real Estate Fund Enters New Admin Agreement
AI Summary
Bluerock Private Real Estate Fund entered into an Administrative Services Agreement (ASA) with its investment adviser, Bluerock Fund Advisor, LLC, effective July 1, 2026. This agreement outlines new services required as the Fund rotates from institutional investment funds into direct real estate investments, aiming to eliminate underlying fund expenses. The Fund will pay an annual ASA Fee of 0.20% of average managed assets, with the adviser voluntarily waiving approximately 53% of this fee to benefit investors. Additionally, the Fund reported closing $250 million in direct real estate investments and has another $450 million under contract or in its pipeline.
Key Highlights
- Entered Administrative Services Agreement (ASA) with Bluerock Fund Advisor, LLC.
- ASA effective July 1, 2026, for new administrative and accounting services.
- Annual ASA Fee set at 0.20% of the Fund's average managed assets.
- Adviser voluntarily waives approximately 53% of the ASA Fee.
- Fund closed $250 million in direct real estate investments as of July 1, 2026.
- $450 million in direct real estate investments under contract or in pipeline.
Price Impact