Bluerock Private Real Estate trustee buys 1,245 shares

Bluerock Private Real Estate Fund (BPRE) insider Ryan S. MacDonald, reported as a trustee, recorded an "other" acquisition (code J) of 1,245 Common Shares of Beneficial Interest on 2026-08-18 at $12.04 per share.

Rhea-AI Filing Summary

Bluerock Private Real Estate Fund (BPRE) insider Ryan S. MacDonald, reported as a trustee, recorded an "other" acquisition (code J) of 1,245 Common Shares of Beneficial Interest on 2026-08-18 at $12.04 per share. Following this transaction, MacDonald’s directly held position increased to 4,430 shares.

Insider Trade Summary

Other: 1,245 shares

Other 1 txn

Insider MacDonald Ryan S

Role Insider

Type	Security	Shares	Price	Value
Other	Common Shares of Beneficial Interest	1,245	$12.04	$15K

Holdings After Transaction: Common Shares of Beneficial Interest — 4,430 shares (Direct)

Key Figures

Shares acquired: 1,245 shares Transaction price: $12.04 per share Shares owned after transaction: 4,430 shares +1 more

4 metrics

Shares acquired 1,245 shares Non-derivative code J acquisition of Common Shares of Beneficial Interest on 2026-08-18

Transaction price $12.04 per share Per-share value for the 1,245 acquired Common Shares of Beneficial Interest

Shares owned after transaction 4,430 shares Total directly held Common Shares of Beneficial Interest following the transaction

Restructuring-related shares 1,245 shares Shares associated with restructuringCount in transactionSummary for code J transaction

Key Terms

Common Shares of Beneficial Interest, Section 16(a) Filings, Attorney-In-Fact

3 terms

Common Shares of Beneficial Interest financial

"security_title: "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.

Section 16(a) Filings regulatory

"Power of Attorney for Section 16(a) Filings, dated May 26, 2021"

Attorney-In-Fact regulatory

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

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

What insider transaction did BPRE’s Ryan S. MacDonald report on this Form 4?

Ryan S. MacDonald reported an “other” acquisition (code J) of 1,245 Common Shares of Beneficial Interest of BPRE on 2026-08-18. The filing lists the transaction as a non-derivative acquisition, increasing his directly held position in the fund.

How many BPRE shares does Ryan S. MacDonald hold after the reported transaction?

After the reported transaction, Ryan S. MacDonald directly holds 4,430 Common Shares of Beneficial Interest in BPRE. This reflects the addition of 1,245 shares in the August 18, 2026 transaction disclosed in the Form 4 filing.

At what price were the BPRE shares in this Form 4 transaction valued?

The 1,245 BPRE shares in the reported transaction were valued at $12.04 per share. The filing identifies this as a per-share price for the Common Shares of Beneficial Interest involved in the non-derivative acquisition on 2026-08-18.

What does transaction code J mean in BPRE’s Form 4 for Ryan S. MacDonald?

Transaction code J represents an “other acquisition or disposition” of securities. In this BPRE filing, it is classified as a non-derivative acquisition, adding 1,245 Common Shares of Beneficial Interest to Ryan S. MacDonald’s directly held position.

Was the BPRE Form 4 transaction carried out under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not marked as true, indicating the transaction is not affirmed as being made under a Rule 10b5-1 trading plan. No transaction-specific footnote reclassifies it as plan-based.

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

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Available on EDGAR 08/19/2026 - 02:17 PM Accepted by SEC EDGAR 08/19/2026 - 02:16 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)
08/18/2026

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	08/18/2026		J		1,245	A	$12.04	4,430	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***	08/19/2026
	** 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)