Bluerock Private Real Estate Fund Announces Monthly Distribution for July 2026

Rhea-AI Summary

Bluerock Private Real Estate Fund (NYSE:BPRE) declared a July 2026 cash distribution of $0.1371 per share. Shareholders of record on July 17, 2026 will be paid on July 31, 2026.

The payout reflects a 7.1% distribution rate on NAV, an annualized market distribution rate of 12.3%, and a tax‑equivalent annualized rate of 19.2% based on the July 7, 2026 closing price of $13.41. BPRE reports approximately $3.3 billion in net assets under management, with exposure to 27 private equity and 13 private debt real estate investments backed by about $250 billion in underlying assets. The fund has implemented four distribution increases since its December 2025 listing and has identified about $700 million in specialty real estate investments closed, under contract, or in its pipeline. A Distribution Reinvestment Plan (DRIP) allows shareholders to reinvest monthly cash distributions, potentially at prices below NAV in certain scenarios. Some or all distributions may be classified as return of capital, affecting investor tax basis.

Positive

• July 2026 cash distribution of $0.1371 per share declared
• Implied 7.1% distribution rate on NAV and 12.3% annualized market distribution rate
• Tax‑equivalent annualized distribution rate of 19.2% based on July 7, 2026 price
• Four distribution increases since December 2025 listing
• Approximately $3.3 billion in net assets under management as of June 30, 2026
• About $700 million in specialty real estate investments closed, under contract, or in pipeline
• Exposure to underlying real estate assets valued around $250 billion
• Distribution Reinvestment Plan enables automatic reinvestment of monthly distributions

Negative

• Some or all distributions may be treated as return of capital for tax purposes
• Return of capital distributions reduce shareholders’ tax basis and may increase taxable gain on sale

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NEW YORK, July 7, 2026 /PRNewswire/ -- Bluerock Private Real Estate Fund (ticker: BPRE) today announced it will pay a cash distribution of $0.1371 per share for July 2026. The distribution will be paid to shareholders of record as of July 17, 2026, reflecting a 7.1% distribution rate on NAV as well as an annualized market distribution rate of approximately 12.3% and an annualized tax-equivalent distribution rate of 19.2%¹, based on the BPRE closing price of $13.41 on July 7, 2026.

The distribution will be made on the schedule below:

Record Date	7/17/26
Ex-Dividend Date	7/17/26
Pay Date	7/31/26
Distribution	$0.1371

BPRE has announced four distribution increases since listing, reflecting management's commitment to raising distributions as it executes on its strategic roadmap to maximize shareholder value by rotating capital out of BPRE's legacy core+ institutional fund holdings into the specialty direct real estate investments it believes offer stronger income and total return potential. The Fund has made significant progress in its execution against the strategic roadmap, including the identification of $700 million² in investments that have been closed, are under contract, or have been identified in our investment pipeline.

Net assets under management for BPRE are approximately $3.3 billion as of June 30, 2026. The Fund currently maintains positions in 27 private equity and 13 private debt real estate investments, with underlying assets valued at approximately $250 billion (holdings are subject to change at any time and should not be considered investment advice).

BPRE is pleased to offer its shareholders a Distribution Reinvestment Plan (DRIP) program, providing a structured and convenient way for investors to automatically reinvest monthly cash distributions into additional shares, allowing for the potential of enhanced compounding and, in certain scenarios, the ability to acquire shares at favorable pricing, including potential purchases at a discount to Net Asset Value (NAV).

Some or all of the Fund's distributions may be deemed to be a return of capital. The Fund provides a notice of its best estimate of the sources of a distribution at the time of such distribution. Such notice and other detailed Fund information is available at bprefund.com.

Bluerock Private Real Estate Fund (ticker: BPRE) is the only New York Stock Exchange-listed closed-end fund offering investors dedicated access to private real estate. The Fund is the largest real estate-focused closed-end fund on the market and is designed to deliver strong, consistent tax-advantaged income while also pursuing attractive long-term capital appreciation. Following its December 2025 listing, BPRE has been executing on its strategic roadmap plan to maximize shareholder value by rotating capital into high-growth, specialty real estate sectors and consistently raising distributions, having announced four distribution increases since listing. Learn more about BPRE at bprefund.com.

¹ The market distribution rate is calculated by annualizing the distribution for the relevant month and dividing by the Fund's closing price on the NYSE for 7/7/2026. The tax-equivalent distribution rate is the rate a fully taxable investment needs in order to equal the after-tax rate on a comparable tax-advantaged investment. The example assumes 37% maximum federal income tax rate and includes the 3.8% Medicare surtax that is applied to the net investment income above certain thresholds. It also includes a 5% average state tax rate. Tax equivalent distribution rate is calculated based on a 67% ROC. 67% is the Fund average (2013-2025) return of capital ("ROC") and non-dividend distribution portion of distributions. ROC, for tax purposes, should be distinguished from an economic return of capital, where an investor is repaid out of its own contributions rather than from the economic profits of the investment. As a tax law concept, an ROC is not tied to an investment's financial performance. ROC distributions reduce the stockholder's tax basis in the year the dividend is received. The stockholder's tax basis may be reduced by ROC distributions in the year the distribution is received and generally defer taxes on that portion until the stockholder's stock is sold. Upon sale, the investor will calculate their gain by reference to the lower cost basis attributable to the ROC distributions, which gain may be subject to tax at capital gain rates.

² Represents investments include closed, under contract, LOI, under exclusive negotiations or in pipeline.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Statements included herein may constitute "forward-looking" statements as that term is defined in Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, including statements with regard to future events or the future performance or operations of the Fund, including but not limited to, liquidity events. Words such as "intends," "will," "believes," "expects," and "may" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements. Factors that could cause actual results to differ materially include changes in the economy, geo-political risks, risks associated with possible disruption to the Fund's operations or the economy generally due to hostilities, terrorism, natural disasters or pandemics such as COVID-19, future changes in laws or regulations and conditions in the Fund's operating area, unexpected costs, the ability of the Fund to complete the listing of the common shares on a national securities exchange, the price at which the common shares may trade on a national securities exchange, and failure to list the common shares on a national securities exchange, and such other factors that are disclosed in the Fund's filings with the Securities and Exchange Commission (the "SEC"). The inclusion of forward-looking statements should not be regarded as a representation that any plans, estimates or expectations will be achieved. Any forward-looking statements speak only as of the date of this communication. Except as required by federal securities laws, the Fund undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

IMPORTANT INFORMATION ON RISK
Investing in the Fund involves risks, including the risk that you may receive little or no return on your investment or that you may lose part or all of your investment. Investors should carefully consider the investment objectives, risks, charges, and expenses of BPRE.

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SOURCE Bluerock Private Real Estate Fund

FAQ

What is the July 2026 distribution announced by Bluerock Private Real Estate Fund (BPRE)?

Bluerock Private Real Estate Fund declared a July 2026 cash distribution of $0.1371 per share. According to BPRE, shareholders of record as of July 17, 2026 will receive the payment on July 31, 2026.

What are the distribution and tax-equivalent yields for BPRE as of July 7, 2026?

BPRE’s July 2026 payout reflects a 7.1% distribution rate on NAV and a 12.3% annualized market distribution rate. According to BPRE, the tax‑equivalent annualized distribution rate is about 19.2%, based on a $13.41 closing price and historical return-of-capital assumptions.

When are the record date, ex-dividend date, and pay date for BPRE’s July 2026 distribution?

For the July 2026 distribution, the record date and ex‑dividend date are July 17, 2026. According to BPRE, the pay date for the $0.1371 per share cash distribution is July 31, 2026.

Has BPRE (NYSE:BPRE) been increasing its distributions since listing?

Yes. According to BPRE, the fund has announced four distribution increases since its December 2025 NYSE listing. Management links these changes to its strategic roadmap of reallocating capital into specialty direct real estate investments targeting stronger income and total return potential.

What does the $700 million investment pipeline mean for BPRE shareholders?

BPRE has identified about $700 million in specialty real estate investments that are closed, under contract, or in its pipeline. According to BPRE, these transactions support its strategy to rotate from legacy core+ holdings toward sectors it believes offer stronger income and return prospects.

How does the Distribution Reinvestment Plan (DRIP) work for BPRE investors?

BPRE’s DRIP lets shareholders automatically reinvest monthly cash distributions into additional shares. According to BPRE, this can support compounding over time and, in certain scenarios, may allow purchases at pricing that could include a discount to Net Asset Value (NAV).

How can BPRE’s return of capital distributions affect investor taxes?

Some or all BPRE distributions may be treated as return of capital, which reduces an investor’s tax basis. According to BPRE, taxes on that portion are generally deferred until sale, when any additional gain from the lower basis may be taxed at capital gain rates.