Bluerock Capital Markets, LLC, a distributor of institutional alternative investment products, and the dedicated dealer manager for Bluerock Real Estate ("Bluerock"), announced today that it accomplished another record capital raise of nearly $81 million across all products in the month of December.
The Company reported that a key contributor to this substantial growth in sales in December was a spike in subscriptions for its Series B Redeemable Preferred Stock and Warrants program issued by Bluerock Residential Growth REIT, Inc. ("BRG"). The Company reported more than $22.1 million of new investor capital for this offering in December as compared to $11.6 million in November; a sharp 90% increase.
Further, Bluerock's Total Income+ Real Estate Fund ("TI+ Fund") continues to attract substantial new investor inflows which the Company attributes to its significant outperformance of the broader equity, bond and public real estate indices.
"Advisors are seeking principal protection and income stability in today's highly volatile market and BRG's Series B redeemable preferred stock ranks senior to BRG's publicly traded common stock and pays a 6% annual dividend, paid monthly, said Jeffrey S. Schwaber, CEO of Bluerock Capital Markets. "Further, we continue to generate substantial flows into Bluerock's flagship institutional real estate fund, Total Income+ Real Estate Fund which holds positions in over $181 billion of best-in-class, institutionally-managed holdings. TI+ Fund's A-share (TIPRX) ended the year up 7.07% (TI+ Fund's I-share (TIPWX) up 7.34%) compared to the S&P 500 which was down 4.75%, and the MSCI US REIT Index which was down 4.57%. We are delighted to deliver to our valued financial advisors and their clients a 1,182 and 1,164 basis point beat, respectively, over these two major indices, added Mr. Schwaber.
Based on sales information obtained from industry third-parties, the Company also reports maintaining its ranking as one of the Top 4 Sponsors within the Direct Investment Industry in new capital raised year-to-date through November and continues to be one of the fastest-growing distributors of real estate-related direct investment products marketed through independent broker-dealers and registered investment advisors†.
The Company reports robust equity raises across all three of its product lines, which includes:
About 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. The Company's objective is to generate value through off-market/relationship-based transactions and, at the asset level, through Core+ improvements to properties and operations. The Company reports assets in excess of $1.9 billion and more than 13,500 apartment units. The Company 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.
About Total Income+ Real Estate Fund
Bluerock's The 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 $181 Billion of underlying gross asset value and 3,400+ 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 trillion in assets under advisement.
About Bluerock Value Exchange
Bluerock Value Exchange is a national sponsor of syndicated 1031-exchange offerings with a focus on Class A assets that seek to deliver stable cash flows and potential for value creation. Bluerock has structured 1031 exchanges on $1.2 billion in total property value and over eight 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.
Bluerock is a leading institutional alternative asset manager with over $5.5 billion on Assets Under Management 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 $10 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 Total Income+ Real Estate Fund, Bluerock Residential Growth REIT, Inc., and programs issued by Bluerock Value Exchange, LLC. BCM ranks #4 for capital fundraising in 2018 among all active managing broker-dealers in the Direct Investments Industry†.
† Sources: The Stanger Market PulseTM, Blue Vault, and Mountain Dell report equity sales of public DPP, interval fund, non-listed REIT, 1031-exchange and non-listed BDC products marketed through independent broker-dealers as of November 2018.
The Bluerock Residential Growth REIT and Bluerock Value Exchange are offered by Bluerock Capital Markets, LLC. The Total Income+ Real Estate Fund is distributed by ALPS Distributors Inc. Bluerock Capital Markets, LLC is not affiliated with Alps Distributors, Inc. or Mercer Investment Management, Inc.