Bluerock Shareholders Approve Listing on NYSE
Bluerock is excited to share the recent approval from its shareholders regarding a pivotal proposal aimed at listing the Bluerock Total Income+ Real Estate Fund on the New York Stock Exchange. This groundbreaking event signifies a strong endorsement from investors and highlights their confidence in the future of the Fund.
Overwhelming Support at Special Meeting
At a special meeting, over 81% of shareholders voted in favor of this initiative, reflecting widespread trust and backing from the investment community. The approval came after recommendations from independent proxy advisory firms and the Fund’s Board of Trustees. Additional proposals related to the listing were also well-received during a previous meeting.
Announcement of Trading Timeline
The anticipated trading of the Total Income+ Fund is set to begin in mid-December 2025. This milestone positions the Fund as potentially the largest real estate-focused closed-end fund listed globally. Such scale is expected to attract a diverse array of retail and institutional investors, boosting the Fund's visibility and overall liquidity.
Positive Outlook from Leadership
Ramin Kamfar, Founder and CEO of Bluerock, expressed gratitude towards the trust investors have placed in the company. He articulated that this moment is a testament to shareholders' confidence in pursuing a public listing for TI+, which is vital for unlocking liquidity and maximizing shareholder value.
Strategic Growth Opportunities
With the approval of this listing, Bluerock anticipates leveraging historically attractive opportunities in the real estate sector. Kamfar mentioned the excitement of entering this new chapter, stating that the Fund is positioned to meet the demands of current market conditions effectively.
Investing in High-Growth Private Real Estate
The Chief Investment Officer, Ryan MacDonald, highlighted the unique investment opportunities that TI+ offers, especially in accessing high-growth private real estate markets. He believes that a wide range of investors will recognize the Fund’s value as it operates alongside other esteemed institutions.
About Bluerock
Bluerock stands out as a leading institutional alternative asset manager with tremendous expertise in real estate and capital markets, overseeing more than $19 billion in acquired and managed assets. With a seasoned team possessing over 100 years of combined experience, Bluerock provides a variety of investment programs designed to cater to investors looking for income stability, capital appreciation, and tax efficiencies.
Media Contact
For further inquiries, please reach out to Carly Hampton, Managing Director, at champton@bluerock.com.
Frequently Asked Questions
What was approved by Bluerock's shareholders?
Shareholders overwhelmingly approved a key proposal related to the listing of the Total Income+ Real Estate Fund on the NYSE.
When will the Fund start trading on the NYSE?
The trading is expected to commence in mid-December 2025.
What impact will the listing have on the Fund?
The listing is anticipated to enhance liquidity and increase the Fund's visibility among a broader range of investors.
Who is the CEO of Bluerock?
Ramin Kamfar is the Founder and CEO of Bluerock.
How much in assets does Bluerock manage?
Bluerock manages over $19 billion in acquired and managed assets.
