Bluerock Private Real Estate Fund Announces Monthly Distribution for March 2026

Rhea-AI Summary

Bluerock Private Real Estate Fund (NYSE:BPRE) will pay a monthly cash distribution of $0.1167 per share on March 27, 2026 to holders of record on March 12, 2026. The distribution implies an annualized market rate of ~8.0% and a tax-equivalent rate of 12.6% based on the March 3, 2026 closing price of $17.41.

Net assets under management are ~$3.4 billion as of February 28, 2026, with positions in 28 private equity and 5 private debt real estate investments and underlying assets valued at ~$250 billion. A DRIP is offered; distributions may include return of capital.

Positive

• Monthly distribution announced at $0.1167 per share
• Annualized market rate ~8.0% based on 3/3/2026 close
• Net AUM ~$3.4B as of 2/28/2026
• DRIP available to reinvest monthly distributions

Negative

• 67% historical ROC portion may reduce shareholder tax basis
• Some or all distributions may be return of capital, not taxable income

News Market Reaction – BPRE

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-0.75% Session close to close

In the Mar 4 session, BPRE declined 0.75%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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NEW YORK, March 3, 2026 /PRNewswire/ -- Bluerock Private Real Estate Fund (ticker: BPRE) is set to pay its previously announced monthly distribution for March 2026. On March 27, 2026, BPRE will pay a cash distribution of $0.1167 per share to shareholders of record as of March 12, 2026, reflecting an annualized market distribution rate of approximately 8.0% and an annualized tax-equivalent distribution rate of 12.6%¹, based on the BPRE closing price of $17.41 on March 3, 2026.

The Fund has announced two distribution increases since transitioning from quarterly to monthly distributions in January 2026. These increases are reflective of management's commitment to consistently raising distributions as it reallocates capital to the sectors it believes offers the greatest opportunity for higher yields, durable income, and improved risk-adjusted returns.

The distribution will be made on the schedule below:

Record Date	3/12/26
Ex-Dividend Date	3/12/26
Pay Date	3/27/26
Distribution	$0.1167

Net assets under management for BPRE are approximately $3.4 billion as of February 28, 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 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).

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 exposure.

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 ("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 distribution for the relevant month and dividing by the Fund's closing price on the NYSE for 3/3/2026. 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.

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 distribution did Bluerock Private Real Estate Fund (BPRE) announce for March 2026?

BPRE announced a cash distribution of $0.1167 per share for March 2026. According to the company, the payment will be made on March 27, 2026 to shareholders of record on March 12, 2026.

What annualized yield does BPRE's March 2026 distribution imply based on the March 3, 2026 price?

The March 2026 distribution implies an annualized market distribution rate of approximately 8.0%. According to the company, this is calculated using the $17.41 closing price on March 3, 2026.

Will BPRE's March 2026 distribution include return of capital?

Some or all of the distribution may be deemed return of capital (ROC). According to the company, their long‑term average ROC is 67%, which can reduce shareholders' tax basis.

When are BPRE shareholders eligible to receive the March 2026 distribution?

Shareholders of record as of March 12, 2026 are eligible for the distribution. According to the company, the ex-dividend and record date are both March 12, 2026, with pay date March 27, 2026.

How much assets does BPRE report under management and what holdings does it maintain?

BPRE reports net assets under management of approximately $3.4 billion as of February 28, 2026. According to the company, the fund holds 28 private equity and 5 private debt real estate investments.