Morris Kandinov LLP has announced an investigation of Bluerock Private Real Estate Fund (NYSE: BPRE) (the "Fund"), formerly known as Bluerock Total Income+ Real Estate Fund, its Board of Trustees (the "Board"), and its investment adviser, Bluerock Fund Advisor, LLC (the "Adviser"), for potential breaches of duty and other violations of law in connection with the Fund's conversion from an interval fund to a listed closed-end fund. Shareholders previously had the ability to redeem shares at the Fund's net asset value per share ("NAV"); as of today, the shares trade at an approximately 47% discount to NAV.
Bluerock Private Real Estate Fund (BPRE) integrates private real estate assets into a publicly traded closed-end fund, where the market price may differ from net asset value. Investors should consider how the market values these private holdings within this structure.
