Bluerock Private Real Estate Fund entered into an Administrative Services Agreement with Bluerock Fund Advisor to support its shift into direct real estate. The agreement carries a 0.20% annual fee on average managed assets, calculated and paid monthly, with the adviser voluntarily waiving the portion tied to assets still invested in Institutional Investment Funds—about 53% based on current holdings. Services include joint venture administration, property operations, compliance, and reporting, supplementing the existing investment management agreement. The ASA is terminable at any time with 60 days' notice by the board, shareholders, or the adviser.
Agreement details:
- Agreement type: Administrative Services Agreement
- Counterparty: Bluerock Fund Advisor
- Signed / Effective: Jul 01 2026 / Jul 01 2026
- Duration / Termination: At will (60 days' notice)
- Reason: Support rotation into direct real estate and replace underlying fund expenses
Original SEC Filing:
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