Bluerock Private Real Estate Fund Announces Monthly Distribution for January 2026

Rhea-AI Summary

Bluerock Private Real Estate Fund (NYSE:BPRE) will pay a monthly cash distribution of $0.1117 per share on January 30, 2026 to shareholders of record on January 16, 2026. The announced payment implies an annualized market distribution rate of approximately 8.25% and a tax-equivalent distribution rate of 12.93% based on BPRE's closing price of $16.24 on January 15, 2026.

The fund moved from a quarterly to a monthly schedule and raised its NAV distribution rate from 5.25% to 5.5%. Net assets under management are about $3.5 billion as of January 15, 2026, with positions in 28 private equity and 5 private debt real estate investments and underlying assets valued near $250 billion. The fund notes some or all of the distribution may be treated as a return of capital (ROC).

Positive

• Monthly cash distribution of $0.1117 per share scheduled for Jan 30, 2026
• Implied annualized market distribution rate of ~8.25% based on 1/15/2026 close
• Net assets under management of approximately $3.5 billion

Negative

• The fund cautions that some or all of the distribution may be a return of capital (ROC)
• Tax-equivalent distribution assumes a 67% ROC average, which reduces shareholder tax basis

News Market Reaction

-1.35%

1 alert

-1.35% News Effect

On the day this news was published, BPRE declined 1.35%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Jan. 16, 2026 /PRNewswire/ -- Bluerock Private Real Estate Fund (ticker: BPRE), is set to pay its first monthly distribution since being listed on the NYSE. On January 30, 2026, BPRE will pay a cash distribution of $0.1117 per share for shareholders of record as of January 16, 2026, reflecting an annualized distribution rate of approximately 8.25% and an annualized tax-equivalent distribution rate of 12.93%¹, based on the BPRE closing price of $16.24 on January 15, 2026. 

The distribution will be made on the schedule below:

Record Date	January 16, 2026
Ex-Dividend Date	January 16, 2026
Pay Date	January 30, 2026

As previously announced in December 2025, BPRE recently transitioned from a quarterly to a monthly distribution schedule, and increased its distribution rate from 5.25% to 5.5% of NAV². Net assets under management for BPRE are approximately $3.5 billion as of January 15, 2026. The Fund currently maintains positions in 28 private equity and 5 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 the only listed closed-end fund offering dedicated access to private institutional real estate – an asset class traditionally accessible only to large institutions and ultra-high-net-worth investors. Through BPRE, shareholders benefit from an income-oriented portfolio of institutional-quality private real estate focused on our high-conviction sectors, complemented by real estate credit and public real estate exposure.

Some or all of this distribution 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 ("BPRE" or the "Fund") is a closed-end fund that is traded on the New York Stock Exchange. BPRE seeks to deliver consistent current income while also pursuing long-term capital appreciation. With a focus on low to moderate volatility and a low correlation to broader market fluctuations, BPRE is designed to offer investment exposure beyond the core four real estate sectors and provide access to emerging growth real estate sectors, potentially supporting both stability and growth.

¹ The market distribution rate is calculated by annualizing the most recent declared monthly distribution and dividing by the Fund's closing price on the NYSE for 1/15/2026. 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 (2013-2024) 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.

²The current distribution amount is calculated based on the Fund's NAV per share as of December 15, 2025 (reflecting an annualized 5.5% distribution rate on such NAV). This distribution policy is subject to change.

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

When will BPRE pay its January 2026 distribution and who is eligible?

BPRE will pay $0.1117 per share on January 30, 2026 to shareholders of record as of January 16, 2026.

What annualized yield does BPRE's January 2026 distribution imply for NYSE:BPRE?

The distribution implies an annualized market distribution rate of approximately 8.25% based on the $16.24 closing price on January 15, 2026.

Did BPRE change its distribution policy for 2026 and what changed?

Yes. BPRE transitioned from a quarterly to a monthly distribution schedule and increased its NAV distribution rate from 5.25% to 5.5%.

How large is BPRE's asset base as of January 15, 2026?

Net assets under management are approximately $3.5 billion, with holdings in 28 private equity and 5 private debt real estate investments.

Will BPRE's distribution be taxable and what about return of capital?

Some or all of the distribution may be deemed a return of capital (ROC); ROC reduces the shareholder's tax basis and may defer taxes until sale.