Bluerock Capital Markets Announces Record Capital Raise of Over $127 Million of New Investor Capital in July
Bluerock Capital Markets, LLC (“BCM”) announced today another record capital raise of over $127 million across all products in the month of July. Through July, BCM’s 2019 sales currently rank among the top 3 of all sponsors in the Direct Investments Industry†.
In addition to its record capital raise across all products, BCM announced new record capital raises in two of the three investment programs on BCM’s platform: Bluerock Residential Growth REIT’s (BRG) Series B Redeemable Preferred Stock and Warrants and Bluerock Value Exchange’s (BVEX) DST offerings. BRG brought in more than $22.3 million in July while BVEX has recorded back-to-back record months of $19.3 million in June followed by nearly $20.8 million in July. Bluerock’s flagship interval fund, the Bluerock Total Income+ Real Estate Fund, brought in more than $84 million in July; up 75% from the previous July, and is averaging over $4.3 million in daily inflows year to date.
“Bluerock’s leadership among the top industry alternative sponsors is a result of providing products and solutions that fit with today’s investor needs and more importantly, our investment products’ consistency in delivering on our stated investment objectives in both up and down markets,” said Jeffrey S. Schwaber, CEO of Bluerock Capital Markets.
By way of example, Schwaber notes that “BRG’s Series B Preferred Stock has just paid its 39th consecutive fully covered monthly dividend at a 6% annualized rate and has experienced no pricing volatility since its launch in April 2016 and BVEX has recently completed its third full-cycle DST program this year, returning more than $74 million in total returns, inclusive of distributions, on $36.5 million of original equity for an average annual return of approximately 23.6%.” “As a result of the success of our full-cycle DST programs, we are seeing a significant portion of roll-over capital from these Investors pleased with Bluerock’s real estate acumen and overall investment returns,” added Schwaber.
Further, Schwaber added that “Bluerock Total Income+ Real Estate Fund is the 6th largest interval fund in the market today by total assets and continues to be widely attractive having generated the highest risk-adjusted returns as measured by the Sharpe Ratio of all 1,200+ real estate sector open-end, closed-end, and exchange traded funds in the Morningstar universe for three consecutive calendar years 2016, 2017, and 2018.”
BCM’s three distinct investment programs include:
Bluerock Total Income+ Real Estate Fund
Bluerock Total Income+ Real Estate Fund offers individual investors access to a portfolio of institutional real estate securities managed by top-ranked fund managers with more than $200 Billion of underlying gross asset value and 4,200+ properties. The Fund’s primary investment objective is to generate current income while secondarily seeking long-term capital appreciation with low to moderate volatility and low correlation to the broader markets. The Fund utilizes an exclusive partnership with Mercer Investment Management, Inc., the world’s leading advisor to endowments, pension funds, sovereign wealth funds and family offices globally, with over 3,300 clients worldwide, and $11.6 trillion in assets under advisement.
Bluerock Residential Growth REIT
Bluerock Residential Growth REIT, Inc. is a real estate investment trust that focuses on developing and acquiring a diversified portfolio of institutional-quality highly amenitized live/work/play apartment communities in demographically attractive knowledge economy growth markets to appeal to the renter by choice. BRG’s objective is to generate value through off-market/relationship-based transactions and, at the asset level, through value add improvements to properties and operations. BRG reports assets in excess of $2 billion and more than 14,000 apartment units. BRG’s common stock is included in the Russell 2000 and Russell 3000 Indexes. BRG has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.
Bluerock Value Exchange
Bluerock Value Exchange is a national sponsor of syndicated 1031-exchange offerings with a focus on Premier Exchange Properties™ that seek to deliver stable cash flows and potential for value creation. Bluerock has structured 1031 exchanges on over $1.5 billion in total property value and over 8.8 million square feet of property. With capacity across nearly all real estate sectors and the ability to customize transactions for individual investors, BVEX is available to create programs to accommodate a wide range of tax requirements.
About Bluerock
Bluerock is a leading institutional alternative asset manager with over $6.5 billion of owned, managed, and sponsored assets and headquartered in Manhattan with regional offices across the U.S. Bluerock principals have a collective 100+ years of investing experience, have been involved with over $13 billion in investments, and have helped launch leading private and public company platforms.
About Bluerock Capital Markets
Bluerock Capital Markets, LLC serves as the managing broker dealer for Bluerock and is a member of FINRA/SIPC. Formed in 2010, BCM distributes a broad range of institutional investment products with potential for growth, income, and tax benefits exclusively through broker dealers and investment professionals including the Bluerock Total Income+ Real Estate Fund, Bluerock Residential Growth REIT, Inc., and programs sponsored by Bluerock Value Exchange, LLC. BCM ranks #3 for capital fundraising through independent broker dealers in 2018 among all active managing broker-dealers in the Direct Investments Industry†.
† Source: The Stanger Market PulseTM.
Source: Bluerock Capital Markets, LLC Press Release July 13, 2019
For full text of the Bluerock Capital Markets, LLC July 13, 2019 Press Release, see Blue Vault’s Weekly Digest.
