Business Wire·Sep 22, 2026, 1:30 PM ET

Morris Kandinov LLP Announces Investigation of Bluerock Private Real Estate Fund (NYSE: BPRE)

Morris Kandinov LLP is investigating Bluerock Private Real Estate Fund (NYSE: BPRE), its Board of Trustees, & its investment adviser for potential breaches of duty & legal violations related to the Fund's conversion from an interval fund to a listed closed-end fund.
Shareholders previously could redeem shares at net asset value (NAV), but as of November 13, 2026, shares trade at an approximate 47% discount to NAV.
The Fund operated for over a decade as Bluerock Total Income+ Real Estate Fund with peak assets exceeding $7 billion, though assets declined to less than $4 billion by 2025 due to mounting redemption requests.
On July 28, 2025, the Fund sought shareholder approval to convert to a listed closed-end fund to stem redemptions, with solicitation materials suggesting any discount to NAV would be temporary despite acknowledging it could be "substantial."
Shares began trading on the NYSE on December 16, 2025, quickly dropping to a discount of over 35% which deepened to 47% within nine months.
The investigation focuses on whether the Board & Adviser knew from prior similar fund conversions that listed shares often trade at persistent discounts, & whether economic interests influenced the decision to proceed.
The firm is encouraging shareholders who purchased shares before the December 2025 listing or who currently hold shares to contact the firm regarding the ongoing investigation.