Bluerock Total Income + Real Estate Fund
TIPRX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Jordan B. Ruddy
- Sector
- Real Estate
- Industry
- REIT - Specialty
- Address
- New York NY United States of America
- IPO Date
- Apr 17, 2023
- Website
- bluerock.com
- Similar Companies
- Business
- Bluerock Total Income+ Real Estate Fund (TIPRX) is a public, closed-end interval fund that provides individual investors with access to institutional-grade private equity real estate (iPERE) securities through a multi-manager, multi-strategy, and multi-sector approach. The Fund offers exposure to a diversified portfolio of private real estate investments managed by top-tier fund managers, including core strategies for current income and capital preservation, opportunistic strategies for long-term growth, and sector allocations such as multifamily, industrial, office, retail, self-storage, data centers, and life sciences; it benefits from an exclusive partnership with Mercer Investment, Inc., advisor to endowments, pension funds, and sovereign wealth funds managing over $16 trillion in assets. Share classes include A (TIPRX), P (TIPPX), W (TIPWX), L (TIPLX), and M (TIPMX) shares, targeting individual investors, financial advisors, and institutions seeking tax-efficient income, portfolio diversification with low correlation to equities and fixed income, quarterly distributions, and periodic liquidity through repurchase offers. Launched in 2012 and sponsored by Bluerock, a New York-based alternative asset manager with over $18 billion in assets under management, the Fund is headquartered in New York, NY, and operates primarily in the U.S. real estate market. In October 2024, the Fund secured a $750 million revolving line of credit led by JPMorgan Chase Bank and RBC Capital Markets to enhance its balance sheet, lower operating costs, and support treasury functions at a more favorable cost of capital. In June 2025, it celebrated its 50th consecutive quarterly distribution at an annualized rate of 5.25% based on the share price, reflecting cumulative distributions of approximately $19.21 per share since inception. Shareholders approved key proposals in September 2025 to list the Fund on the New York Stock Exchange, with trading anticipated to commence by mid-December 2025, positioning it as the world's largest real estate-focused listed closed-end fund and enabling full daily liquidity for enhanced shareholder value. This strategic shift from an interval fund structure supports agile capital deployment amid attractive private real estate valuations and follows Bluerock's recent strategic stake in The Townsend Group for expanded product opportunities. The Fund maintains quarterly repurchase offers, with recent tenders funded by cash or portfolio sales, and continues to prioritize total returns through income, growth, and appreciation.