At 38% Discount, $3.6B Bluerock Listing Puts Private CRE Valuations To The Test

Barchart·12/19/2025 03:20:15

After three years of negative returns, a $3.6B private real estate fund listed on the New York Stock Exchange this week, giving frustrated investors a long-awaited exit.  The Bluerock Total Income+ Real Estate Fund launched in 2012 and invests in other private real estate funds. Its public listing was closely watched as a test of how private fund managers value their holdings versus what public markets are willing to pay. The results were brutal. New York-based alternative asset manager Bluerock pegged the fund’s net asset value at $25.52 per share ahead of its market debut. Within minutes of opening for trading, the fund...