Bluerock RE Fund trustee buys 20,745 shares

Trustee Ryan S. MacDonald disclosed direct open-market purchases totaling 20,745 BPRE common shares on September 14, 2026.

Rhea-AI Filing Summary

Bluerock Private Real Estate Fund (BPRE) had trustee Ryan S. MacDonald report multiple open-market purchases of its Common Shares of Beneficial Interest on September 14, 2026. He bought a total of 20,745 shares in ten transactions at per-share prices between $11.90 and $12.00, all reported as held directly, with no Rule 10b5-1 trading plan indicated.

Insider Trade Summary

Net Buyer: 20,745 shares

Net Buy 10 txns

Insider MacDonald Ryan S

Role Insider

Bought 20,745 shs ($248K)

Type	Security	Shares	Price	Value
Purchase	Common Shares of Beneficial Interest	5,500	$12.00	$66K
Purchase	Common Shares of Beneficial Interest	4,000	$11.99	$48K
Purchase	Common Shares of Beneficial Interest	400	$11.98	$5K
Purchase	Common Shares of Beneficial Interest	100	$11.96	$1K
Purchase	Common Shares of Beneficial Interest	300	$11.95	$4K
Purchase	Common Shares of Beneficial Interest	1,900	$11.94	$23K
Purchase	Common Shares of Beneficial Interest	2,895	$11.93	$35K
Purchase	Common Shares of Beneficial Interest	2,600	$11.92	$31K
Purchase	Common Shares of Beneficial Interest	500	$11.91	$6K
Purchase	Common Shares of Beneficial Interest	2,550	$11.90	$30K

Holdings After Transaction: Common Shares of Beneficial Interest — 25,175 shares (Direct)

Key Figures

Total shares purchased: 20,745 shares Number of buy transactions: 10 transactions Highest purchase price: $12.00 per share +2 more

5 metrics

Total shares purchased 20,745 shares Non-derivative Common Shares of Beneficial Interest bought on September 14, 2026

Number of buy transactions 10 transactions All reported as purchases of Common Shares of Beneficial Interest

Highest purchase price $12.00 per share Maximum reported transaction price on September 14, 2026

Lowest purchase price $11.90 per share Minimum reported transaction price on September 14, 2026

Net buy direction 20,745 net shares bought Form 4 transaction summary shows net-buy activity with no sales

Key Terms

Common Shares of Beneficial Interest, Rule 10b5-1, Section 16(a)

3 terms

Common Shares of Beneficial Interest financial

"Transactions involve "Common Shares of Beneficial Interest" as the security title"

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.

Rule 10b5-1 regulatory

"No Rule 10b5-1 plan is affirmed for these transactions"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

Section 16(a) regulatory

"Limited Power of Attorney for Section 16(a) Filings is referenced in remarks"

FAQ

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

Who reported insider transactions for BPRE in this Form 4?

The reporting person is Ryan S. MacDonald, identified as a Trustee of Bluerock Private Real Estate Fund, reporting transactions in the fund’s Common Shares of Beneficial Interest.

How many BPRE shares did Ryan S. MacDonald buy according to this Form 4?

Ryan S. MacDonald reported open-market purchases totaling 20,745 Common Shares of Beneficial Interest of Bluerock Private Real Estate Fund, based on ten separate buy transactions reported in the filing.

On what date did the BPRE insider share purchases occur?

All reported purchases of Bluerock Private Real Estate Fund shares occurred on September 14, 2026, as shown by the transaction date on each of the ten non-derivative transactions.

What price range did the BPRE shares trade at in these insider purchases?

The reported purchase prices for the BPRE Common Shares of Beneficial Interest ranged from $11.90 to $12.00 per share across the ten open-market transactions on September 14, 2026.

Were the BPRE insider purchases made under a Rule 10b5-1 trading plan?

No. The Form 4 indicates no Rule 10b5-1 plan is affirmed for these transactions, and there are no footnotes stating that the trades were made pursuant to a pre-arranged trading plan.

Are the BPRE shares reported as directly or indirectly owned by the insider?

All reported positions use ownership code D, meaning the Common Shares of Beneficial Interest acquired in these transactions are reported as directly owned by the reporting person.

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 09/18/2026 - 07:29 PM Accepted by SEC EDGAR 09/18/2026 - 07:28 PM 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^*

MacDonald Ryan S

(Last) (First) (Middle)

919 THIRD AVE., 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/14/2026

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	09/14/2026		P		5,500	A	$12	9,930	D
Common Shares of Beneficial Interest	09/14/2026		P		4,000	A	$11.99	13,930	D
Common Shares of Beneficial Interest	09/14/2026		P		400	A	$11.98	14,330	D
Common Shares of Beneficial Interest	09/14/2026		P		100	A	$11.96	14,430	D
Common Shares of Beneficial Interest	09/14/2026		P		300	A	$11.95	14,730	D
Common Shares of Beneficial Interest	09/14/2026		P		1,900	A	$11.94	16,630	D
Common Shares of Beneficial Interest	09/14/2026		P		2,895	A	$11.93	19,525	D
Common Shares of Beneficial Interest	09/14/2026		P		2,600	A	$11.92	22,125	D
Common Shares of Beneficial Interest	09/14/2026		P		500	A	$11.91	22,625	D
Common Shares of Beneficial Interest	09/14/2026		P		2,550	A	$11.9	25,175	D

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:

Remarks:

***Attorney-In-Fact, Pursuant to Limited Power of Attorney for Section 16(a) Filings, dated May 26, 2021

	/s/ JoAnn M. Strasser***	09/18/2026
	** 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)