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

I. Bobby Majumder, a trustee of Bluerock Total Income Plus Real Estate Fund, acquired shares of beneficial interest as part of the trustee compensation plan.

Summary

• On March 31, 2025, I. Bobby Majumder, a trustee of Bluerock Total Income Plus Real Estate Fund, acquired 187.6368 shares of Class I beneficial interest at a price of $26.61 per share.
• This acquisition was part of the trustee's compensation plan, where each independent trustee receives $5,000 worth of Class I shares per quarter, totaling $20,000 annually.
• Following the transaction, Majumder directly owns 3,163.43 shares of Class I beneficial interest.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the transaction is part of a standard compensation plan and reflects alignment of interests between the trustee and shareholders.

Positives

• The acquisition reflects the trustee's alignment with the fund's performance.
• The compensation plan provides a consistent stream of equity to the trustees.

Future Outlook

NA

Industry Context

This type of equity compensation is common for independent trustees and board members of REITs and investment funds to align their interests with those of the shareholders.

Comparison to Industry Standards

• Equity compensation for trustees is a standard practice in the real estate fund industry.
• Comparable companies such as Blackstone Real Estate Income Trust and Starwood Real Estate Income Trust also utilize equity-based compensation for their board members.
• The specific amount and structure of the compensation can vary based on the fund's size, performance, and governance policies.

Related Party Transactions

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

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the trustee's interests with the fund's performance.

Key Dates

Keywords

Bluerock Total Income Plus Real Estate Fund, Trustee, Share Acquisition, Compensation Plan, Beneficial Interest, TIPWX