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

Kamal Jafarnia, a trustee of Bluerock Total Income (plus) Real Estate Fund, acquired shares of beneficial interest, Class I, as part of the trustee compensation plan.

Summary

• On June 30, 2024, Kamal Jafarnia, a trustee of Bluerock Total Income (plus) Real Estate Fund, acquired 179.4688 shares of beneficial interest, Class I.
• The shares were acquired at a price of $27.86 per share.
• This transaction was part of the trustee's compensation plan, where each independent trustee receives $5,000 of Class I Shares per quarter, totaling $20,000 annually.
• Following the transaction, Jafarnia directly owns 1,866.84 shares of beneficial interest, Class I.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The transaction is part of a standard compensation plan, indicating stability and alignment of interests. There are no red flags or negative implications.

Positives

• The trustee's share acquisition reflects alignment with the fund's performance and long-term interests.
• The compensation plan provides a structured approach to trustee compensation using company shares.

Future Outlook

NA

Industry Context

This type of transaction is common for REITs and investment funds, where trustees or board members receive equity as part of their compensation to align their interests with those of the shareholders.

Comparison to Industry Standards

• Equity-based compensation for trustees and board members is a standard practice in the real estate investment trust (REIT) industry.
• Comparable companies often use a mix of cash and equity to compensate their board members, with the equity component designed to incentivize long-term value creation.
• The specific amount and type of equity granted can vary based on the size and complexity of the fund, as well as the individual contributions of the trustee.

Related Party Transactions

• The acquisition of shares by the trustee as part of the compensation plan constitutes a related party transaction.

Stakeholder Impact

• The transaction aligns the trustee's interests with those of the shareholders, potentially encouraging decisions that benefit the fund's overall performance.
• The structured compensation plan provides transparency to shareholders regarding trustee compensation.

Key Dates

Keywords

Bluerock Total Income (plus) Real Estate Fund, Trustee, Share Acquisition, Compensation Plan, TIPWX, Form 4, Beneficial Ownership