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luerock Total Income+ Real Estate Fund (TI+) has paid a third quarter distribution of $0.3582 per share, or 1.3125% for the quarter, based on the share price of $27.29 for shareholders of record as of September 17, 2024. This marks the fund's 47th consecutive quarterly distribution and represents an annualized rate of 5.25%. Since inception in 2012 at a $25 NAV per share, TI+ has paid approximately $18.18 per share in total distributions to its shareholders.

    The fund has delivered on its stated objectives, including generating current income and capital appreciation as well as maintaining low correlation and low volatility relative to the broader markets. Net assets under management for TI+ are approximately $4.72 billion as of June 30, 2024, making it the largest real estate focused 1940 Act interval fund in the industry.

    TI+ currently maintains positions in 33 private equity and 5 private debt real estate investments, with underlying assets valued at approximately $362 billion. The fund's investment advisor has contractually agreed to reduce its fees and/or absorb expenses of the fund until January 31, 2025, ensuring that the net annual fund operating expenses will not exceed 1.95% for Class A shares.

    "We are pleased the Fund has delivered significant income to its valued shareholders over the last 47 consecutive quarters," said Jeffrey Schwaber, CEO of Bluerock Capital Markets. "Against a backdrop of declining interest rates and strong fundamentals in the Fund's highest conviction sectors, we believe the Fund is poised for outsized growth and appreciation."

    The fund offers individual investors access to a portfolio of institutional real estate securities managed by top-ranked fund managers. The Fund seeks to provide a comprehensive real estate holding designed to provide a combination of current income, capital preservation, long-term capital appreciation and enhanced portfolio diversification with low to moderate volatility and low correlation to the broader equity and fixed income markets.

    Investing in TI+ involves risks, including the loss of principal. The fund intends to make investments in multiple real estate securities that may subject the Fund to additional fees and expenses, including management and performance fees, which could negatively affect returns and could expose the Fund to additional risk.