Form 4: Bluerock Total Income Plus Real Estate Fund Trustee Acquires Shares as Part of Compensation Plan

Trustee Romano Tio acquires shares of Bluerock Total Income (plus) Real Estate Fund as part of the trustee compensation plan.

Summary

• Romano Tio, a trustee of Bluerock Total Income (plus) Real Estate Fund, acquired 180.3752 shares of Class I Beneficial Interest at a price of $27.72 per share on September 30, 2024.
• This acquisition was made under the trustee's compensation plan, which entitles each independent trustee to receive $5,000 of Class I Shares per quarter, or $20,000 annually.
• Following the transaction, Tio directly owns 2,713.69 shares of Class I Beneficial Interest.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects a routine transaction related to trustee compensation, indicating alignment of interests. There are no red flags or negative implications.

Positives

• The acquisition reflects the trustee's continued investment in the fund.
• The compensation plan aligns the interests of the trustees with those of the shareholders.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, such as directors and officers. This filing indicates a trustee's acquisition of shares as part of their compensation, which is a common practice in publicly traded companies.

Comparison to Industry Standards

• Trustee compensation plans involving equity are common across the real estate fund industry.
• Many REITs and similar investment vehicles use equity-based compensation to align management and trustee interests with shareholder value.
• Comparable companies such as Blackstone Real Estate Income Trust and Starwood Real Estate Income Trust also utilize equity-based compensation for their board members.

Stakeholder Impact

• The acquisition of shares by a trustee can be viewed positively by shareholders as it aligns the trustee's interests with the fund's performance.

Key Dates

Keywords

Bluerock Total Income Plus Real Estate Fund, TIPWX, Trustee, Share Acquisition, Compensation Plan, Form 4, SEC Filing