Form 4: Trustee Acquires Shares in Bluerock Total Income (plus) Real Estate Fund

A trustee of Bluerock Total Income (plus) Real Estate Fund acquired shares as part of their compensation plan.

Summary

• Kamal Jafarnia, a trustee of Bluerock Total Income (plus) Real Estate Fund, acquired 186.6368 Class I shares on December 31, 2024.
• The shares were acquired at a price of $26.79 per share.
• This transaction 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, the trustee now directly owns 2,286.277 Class I shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to trustee compensation, which is a normal and expected practice. It indicates a positive alignment of interests between the trustee and the fund.

Positives

• The acquisition of shares by a trustee demonstrates alignment of interests with shareholders.
• The compensation plan provides a consistent method of rewarding trustees.

Industry Context

This type of transaction is common for companies that use equity-based compensation for their board members and trustees, aligning their interests with the company's performance.

Comparison to Industry Standards

• Many real estate funds and investment trusts use similar compensation structures for their trustees and board members.
• Equity-based compensation is a common practice to align the interests of management and shareholders.
• The specific amount of compensation varies across the industry, but the principle of using equity is widely adopted.

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, Class I Shares, Kamal Jafarnia