Bluerock director Kamfar's firm buys 109,019 shares

The purchases were made through Bluerock Asset Management, LLC, an entity controlled by the reporting director.

Rhea-AI Filing Summary

Bluerock Private Real Estate Fund (BPRE) director Ramin Kamfar reported purchases through Bluerock Asset Management, LLC, an entity he controls. The entity purchased 109,019 shares on October 26, 2026, at a weighted average price of $12.4769 per share, with transaction prices ranging from $12.39 to $12.57. It purchased 69,658 shares on October 27, 2026, at a weighted average price of $12.4825 per share, with transaction prices ranging from $12.46 to $12.50. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 178,677 shares

Net Buy 2 txns

Insider KAMFAR RAMIN

Role Director

Bought 178,677 shs ($2.23M)

Type	Security	Shares	Price	Value
Purchase	Common Shares of Beneficial Interest F1, F3	69,658	$12.4825	$870K
Purchase	Common Shares of Beneficial Interest F1, F2	109,019	$12.4769	$1.36M

Holdings After Transaction: Common Shares of Beneficial Interest — 3,069,420 shares (Indirect, Shares purchased through an entity controlled by the Reporting Person)

Footnotes (3)

1. F1. Shares purchased through an entity controlled by the Reporting Person (Bluerock Asset Management, LLC).
2. F2. The price reported is a weighted average purchase price per share. These shares were purchased in multiple transactions at prices ranging from $12.39 to $12.57.
3. F3. The price reported is a weighted average purchase price per share. These shares were purchased in multiple transactions at prices ranging from $12.46 to $12.50.

Key Figures

Shares purchased: 109,019 shares Weighted average purchase price: $12.4769 per share Transaction-price range: $12.39 to $12.57 per share +3 more

6 metrics

Shares purchased 109,019 shares October 26, 2026

Weighted average purchase price $12.4769 per share October 26, 2026

Transaction-price range $12.39 to $12.57 per share October 26, 2026

Shares purchased 69,658 shares October 27, 2026

Weighted average purchase price $12.4825 per share October 27, 2026

Transaction-price range $12.46 to $12.50 per share October 27, 2026

Key Terms

Common Shares of Beneficial Interest, weighted average purchase price, Rule 10b5-1 plan

3 terms

Common Shares of Beneficial Interest technical

"Common Shares of Beneficial Interest"

Common Shares of Beneficial Interest are units that represent ownership in a company or organization, like owning a piece of a pie. They give investors voting rights and a chance to share in profits, making them important for those looking to invest and have a say in how the organization is run.

weighted average purchase price financial

"weighted average purchase price per share"

The weighted average purchase price is the average cost per share you paid across multiple buys, calculated so larger purchases count more than smaller ones. Imagine buying apples at different prices: the overall price you effectively paid depends on how many apples you bought at each price. Investors use it to measure true cost basis, calculate gains or losses, decide when to sell, and manage taxes and portfolio performance.

Rule 10b5-1 plan regulatory

"No Rule 10b5-1 plan is reported"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many BPRE shares did director Ramin Kamfar purchase, and at what prices?

Bluerock Asset Management, LLC, an entity controlled by Ramin Kamfar, purchased 109,019 shares on October 26, 2026, at a weighted average price of $12.4769 per share, and 69,658 shares on October 27, 2026, at a weighted average price of $12.4825 per share. The respective transaction-price ranges were $12.39 to $12.57 and $12.46 to $12.50. No Rule 10b5-1 plan is reported.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/28/2026 - 05:47 PM EDT Accepted by SEC EDGAR 10/28/2026 - 05:46 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KAMFAR RAMIN

(Last) (First) (Middle)

919 THIRD AVENUE

40TH FLOOR

(Street)

NEW YORK NEW YORK 10022

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Bluerock Private Real Estate Fund [ BPRE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares of Beneficial Interest	10/26/2026		P(1)		109,019	A	$12.4769(2)	2,999,762	I	Shares purchased through an entity controlled by the Reporting Person
Common Shares of Beneficial Interest	10/27/2026		P(1)		69,658	A	$12.4825(3)	3,069,420	I	Shares purchased through an entity controlled by the Reporting Person

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares purchased through an entity controlled by the Reporting Person (Bluerock Asset Management, LLC).

2. The price reported is a weighted average purchase price per share. These shares were purchased in multiple transactions at prices ranging from $12.39 to $12.57.

3. The price reported is a weighted average purchase price per share. These shares were purchased in multiple transactions at prices ranging from $12.46 to $12.50.

Remarks:

***Attorney-In-Fact, Pursuant to Limited Power of Attorney

	/s/ JoAnn M. Strasser***	10/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)