Bluerock Private Real Estate Fund Announces Monthly Distribution for August 2026

Rhea-AI Summary

Bluerock Private Real Estate Fund (NYSE: BPRE) declared a monthly cash distribution of $0.1371 per share for August 2026, payable on August 31, 2026 to shareholders of record as of August 17, 2026 (ex-dividend date also August 17).

According to Bluerock Private Real Estate Fund, the August distribution reflects a 7.3% distribution rate on NAV, an annualized 12.3% market distribution rate, and a 19.2% annualized tax-equivalent distribution rate, based on a $13.39 closing price on August 5, 2026 and stated tax assumptions.

The fund reports approximately $3.2 billion in net assets under management as of July 31, 2026 and has identified about $700 million in specialty real estate investments that are closed, under contract or in its pipeline. BPRE has announced four distribution increases since its December 2025 NYSE listing and offers a Distribution Reinvestment Plan (DRIP). Some or all distributions may be characterized as a return of capital.

Positive

• $0.1371 August 2026 monthly distribution per share
• 7.3% distribution rate on NAV for August 2026
• Annualized market distribution rate about 12.3% at $13.39 price
• Annualized tax-equivalent distribution rate about 19.2%
• Approximately $3.2 billion net assets under management
• About $700 million in identified specialty real estate investments
• Four distribution increases since December 2025 listing

Negative

• Some or all distributions may be a return of capital
• Fund warns investors may lose part or all of investment

Market Context

BPRE’s July distribution announcement recorded a 0.89% 24-hour price reaction in the historical reco...

Analysis

BPRE’s July distribution announcement recorded a 0.89% 24-hour price reaction in the historical record. That comparison frames the recurring payout as familiar news; insider net buying adds context, while 67% ROC may affect tax basis.

Key Figures

Monthly distribution: $0.1371 per share NAV distribution rate: 7.3% Market distribution rate: 12.3% +5 more

8 metrics

Monthly distribution $0.1371 per share August 2026

NAV distribution rate 7.3% August 2026 distribution

Market distribution rate 12.3% Annualized, based on $13.39 closing price

Tax-equivalent distribution rate 19.2% Annualized August 2026 rate

Investment pipeline $700 million Closed, under contract, or identified investments

Net assets under management $3.2 billion As of July 31, 2026

Return of capital portion 67% Fund average from 2013-2025

Distribution increases Four Since listing

Historical Context

5 past events · Latest: Jul 07 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 07	July distribution	Positive	+0.9%	July monthly cash distribution of $0.1371 per share was paid to record shareholders.
Jun 03	June distribution increase	Positive	+1.1%	June monthly distribution increased to $0.1371 per share, marking fourth increase since listing.
Jun 03	Annual meeting notice	Neutral	+1.1%	Annual meeting scheduling notice specified August 4, 2026 virtual shareholder meeting.
May 18	June distribution increase	Positive	+1.7%	June distribution increase cited 7% NAV rate and fourth increase since listing.
May 13	Investor webinar	Positive	+1.4%	Investor webinar covered strategic roadmap, returns, distribution increases, and discount to NAV.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Distribution announcements had been followed by positive 24-hour reactions ranging from 0.89% to 1.67%.

Key Terms

net asset value, tax-equivalent distribution rate, distribution reinvestment plan, return of capital

4 terms

net asset value financial

"reflecting a 7.3% distribution rate on NAV"

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

View in glossary

tax-equivalent distribution rate financial

"an annualized tax-equivalent distribution rate of 19.2%"

A tax-equivalent distribution rate converts a distribution that is partially or fully tax-advantaged into the pretax yield an investor would need from a taxable investment to get the same after-tax cash. Investors use it to compare apples-to-apples between tax-free or tax-preferred payouts and ordinary taxable income, like translating prices in different currencies to see which is the better deal after taxes. This helps decide which holding delivers more real income once taxes are accounted for.

distribution reinvestment plan financial

"The Fund is pleased to offer its shareholders a Distribution Reinvestment Plan"

An automatic program that uses cash distributions—such as dividends or other payouts—from a stock or fund to buy additional shares of the same security instead of handing out cash to the investor. Think of it like using store credit you’d otherwise pocket to buy more items: it makes your holding grow over time without you having to manually reinvest, which can compound returns, reduce transaction costs and change the timing of taxable income.

return of capital financial

"Some or all of the Fund's distributions may be deemed to be a return of capital"

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, Aug. 5, 2026 /PRNewswire/ -- Bluerock Private Real Estate Fund (ticker: BPRE) today announced it will pay a cash distribution of $0.1371 per share for August 2026. The distribution will be paid to shareholders of record as of August 17, 2026, reflecting a 7.3% 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 $13.39 on August 5, 2026.

The distribution will be made on the schedule below:

Record Date	8/17/26
Ex-Dividend Date	8/17/26
Pay Date	8/31/26
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 $3.2 billion as of July 31, 2026. The Fund currently maintains positions in 26 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 8/5/2026. 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 price at which the common shares may trade 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 August 2026 monthly distribution for Bluerock Private Real Estate Fund (NYSE: BPRE)?

Bluerock Private Real Estate Fund declared an August 2026 monthly cash distribution of $0.1371 per share. According to Bluerock Private Real Estate Fund, this payment is scheduled for August 31, 2026 to shareholders of record on August 17, 2026, with the same ex-dividend date.

What yield does BPRE’s August 2026 distribution represent for shareholders?

The August 2026 BPRE distribution reflects a 7.3% distribution rate on NAV. According to Bluerock Private Real Estate Fund, it also represents an annualized 12.3% market distribution rate and a 19.2% tax-equivalent distribution rate, based on a $13.39 share price and stated tax assumptions.

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

For August 2026, BPRE’s record date and ex-dividend date are both August 17, 2026, and the pay date is August 31, 2026. According to Bluerock Private Real Estate Fund, shareholders of record on the record date will receive $0.1371 per share.

How large is Bluerock Private Real Estate Fund and what investments support BPRE distributions?

Bluerock Private Real Estate Fund reports approximately $3.2 billion in net assets under management. According to Bluerock Private Real Estate Fund, it holds positions in 26 private equity and 13 private debt real estate investments and has identified about $700 million in specialty real estate investments across closed, contracted, and pipeline deals.

What does the 19.2% tax-equivalent distribution rate mean for BPRE (NYSE: BPRE) investors?

The 19.2% tax-equivalent distribution rate estimates the pre-tax yield needed on a taxable investment to match BPRE’s after-tax income. According to Bluerock Private Real Estate Fund, this figure assumes certain federal, Medicare, and state tax rates and a historical 67% return-of-capital component.

Can BPRE distributions be classified as return of capital and what is the impact?

Yes, some or all BPRE distributions may be deemed return of capital (ROC). According to Bluerock Private Real Estate Fund, ROC reduces a shareholder’s tax basis, potentially deferring taxes until sale, when gains calculated from the lower basis may be taxed, generally at capital gain rates.

Does Bluerock Private Real Estate Fund offer a DRIP for BPRE investors and how does it work?

Bluerock Private Real Estate Fund offers a Distribution Reinvestment Plan (DRIP) for BPRE shareholders. According to Bluerock Private Real Estate Fund, the DRIP allows investors to automatically reinvest monthly cash distributions into additional shares, potentially enhancing compounding and, in some scenarios, enabling purchases at a discount to net asset value.