Bluerock Real Estate

What Bluerock Real Estate does

Bluerock Real Estate is a New York-based institutional alternative asset manager founded in 2002 that specializes in private real estate and credit investments distributed to individual investors and financial advisors. The firm operates a multi-vehicle platform comprising the NYSE-listed Bluerock Private Real Estate Fund (BPRE, ticker: BPRE, listed December 2025, ~$3.3-3.4 billion in net assets), the Bluerock High Income Institutional Credit Fund, Bluerock Homes Trust (residential), Bluerock Industrial Growth REIT (BIGR, industrial), Bluerock Value Exchange (a technology-enabled alternative real estate marketplace), and Bluerock Capital Markets, LLC (a FINRA-member affiliated broker-dealer). Securities distribution is conducted through the affiliated broker-dealer and the NYSE listing, with dedicated support lines for individual investors (888.558.1031) and financial professionals (877.826.BLUE).

The firm's underlying investment portfolio spans 249 property transactions totaling $20 billion-plus in acquired, managed, and disposed assets, including 41,839 multifamily units, 5,896 single-family rental properties, and 4.9 million square feet of industrial real estate. Bluerock's investment approach emphasizes institutional-quality sourcing and execution, with a property-level track record of 23.7% average net IRR and 2.1x net equity multiple on realized investments. BPRE manages strategic capital rotation from legacy core+ holdings into high-growth specialty real estate sectors, supported by a $700 million pipeline of identified potential investments.

Bluerock's revenue model combines recurring asset management fees on approximately $3.3-3.4 billion in BPRE net assets (plus other affiliated vehicles) with transaction-based securities distribution revenue via Bluerock Capital Markets. Distribution rates for BPRE have ranged from 8.0% to 11.0% annualized, and the fund transitioned from quarterly to monthly distributions in January 2026 to broaden its appeal to income-oriented investors. The firm targets two primary customer segments — individual investors seeking alternative real estate exposure historically limited to institutional participants, and registered investment advisors/financial advisors seeking differentiated yield-generating real estate products for their client portfolios.

Name

Bluerock Real Estate

Legal name

Bluerock Real Estate, LLC

Website

https://bluerockre.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Bluerock Real Estate is a New York-based institutional alternative asset manager operating six affiliated investment vehicles spanning private real estate, credit, residential, industrial, and exchange platform strategies, distributing products to individual investors and financial advisors through an NYSE-listed fund and FINRA-member broker-dealer.

Ownership category

akta.pro rank

Product category

Real Estate Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Real Estate Investment Trusts (6798), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industries

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA), Real Estate Funds — Core (Stabilized, Income) (FSANAEAF), Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit) (FSAAABAI)

Keywords

• Private real estate investment
• Alternative asset management
• Real estate investment trusts
• Institutional credit funds
• Real estate securities

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Asset Management Fees: Revenue generated from managing approximately $3.4 billion in net assets under management for the Bluerock Private Real Estate Fund and other investment vehicles.
2. Securities Distribution: Securities offered through affiliated broker-dealer Bluerock Capital Markets, LLC, a FINRA member firm providing distribution capabilities for investment products.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Bluerock Real Estate is an institutional alternative asset manager focused on private real estate and credit investments. The firm manages multiple investment vehicles including the NYSE-listed Bluerock Private Real Estate Fund (BPRE), Bluerock High Income Institutional Credit Fund, Bluerock Homes Trust, Bluerock Industrial Growth REIT (BIGR), and Bluerock Value Exchange, providing individual investors and financial advisors access to institutional-quality real estate investments through various fund structures and broker-dealer distribution channels.

Product overview

Bluerock Real Estate is a leading institutional alternative asset manager with $20B+ in acquired, managed, and disposed assets. The company operates as a multi-product platform offering distinct investment vehicles: Bluerock Private Real Estate Fund (BPRE), an NYSE-listed closed-end fund; Bluerock High Income Institutional Credit Fund; Bluerock Homes Trust; Bluerock Industrial Growth REIT (BIGR); and Bluerock Value Exchange. The portfolio spans residential properties (41,839 multifamily units, 5,896 single-family rental properties) and industrial real estate (4.9 million square feet across 48 investments). BPRE, the flagship product, manages $3.3-3.4 billion in net assets and executes strategic capital rotation into high-growth specialty real estate sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Bluerock Private Real Estate Fund (BPRE) A publicly traded real estate fund listed on the NYSE that provides individual investors access to private real estate markets, executing a strategic capital rotation plan from legacy core+ holdings into high-growth next-generation real estate sectors.
• Bluerock High Income Institutional Credit Fund An institutional credit fund providing income-focused investment opportunities in private credit markets for institutional investors.
• Bluerock Homes Trust A real estate investment trust focused on residential property investments, encompassing 41,839 multifamily units and 5,896 single-family rental properties.
• Bluerock Value Exchange A technology-enabled platform for alternative real estate transactions and value exchange services within Bluerock's investment ecosystem.
• Bluerock Capital Markets Capital markets division providing securities distribution services through Bluerock Capital Markets, LLC, a FINRA member broker-dealer.
• Bluerock Industrial Growth REIT (BIGR) A real estate investment trust focused on industrial property investments, managing 4.9 million square feet of industrial real estate across 48 property investments.

Quantifiable outcome

• 23.7% average net IRR on property level across all sold properties
• +3 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Clarion Partners: US-focused institutional real estate investment manager running core, core-plus, value-add and debt strategies for institutional and intermediary clients — a close comparable in product mix and LP base to Bluerock's multi-vehicle real estate platform.
• Starwood Capital Group: Private investment firm focused globally on real estate and energy, with multiple listed and non-listed vehicles and a strong track record in residential and specialty real estate — comparable in multi-vehicle strategy and investor base.
• Heitman: Global real estate investment management firm serving institutional and intermediary clients with equity and debt strategies — comparable in serving the same financial-advisor and institutional LPs as Bluerock.
• Crow Holdings Capital: Privately held real estate investment manager offering diversified commingled funds and separate accounts across US property sectors — directly comparable to Bluerock's fund-of-funds and direct property investment approach.
• CBRE Investment Management: Real estate investment management arm of CBRE Group managing equity, debt, and securities strategies for institutional and individual investors — overlaps with Bluerock's real estate fund and securities-distribution model.

Others

• Cushman & Wakefield: Global commercial real estate services platform with an investment management arm — adjacent rather than directly competitive, but overlaps with Bluerock's brokerage-adjacent capital markets and property transaction activity.

Broad incumbents

• PGIM Real Estate: Real estate investment business of Prudential's PGIM, managing debt and equity strategies for institutional investors — broader incumbent with similar institutional-LP focus as Bluerock's institutional credit and equity vehicles.
• Blackstone Real Estate: World's largest real estate private equity platform with listed (BREIT) and closed-end fund structures targeting individual and institutional investors — the dominant incumbent against which Bluerock's listed BPRE competes for shelf space.
• KKR Real Estate: Global investment firm with a sizable real estate platform spanning equity, credit, and real estate securities strategies — directly comparable in strategy but materially larger in AUM and brand reach than Bluerock.
• Brookfield Real Estate: Real estate arm of Brookfield, one of the world's largest alternative asset managers, with broad real estate funds, REITs, and listed partnerships — a much larger incumbent operating in the same real estate PE/REIT category as Bluerock.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/bluerockre
• LinkedInlinkedin.com/company/bluerock-real-estate

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bluerock Real Estate