Bluerock Capital Markets raised more than $4B in capital in 2022, with inflows leaping 92% from 2021’s file gross sales, the corporate mentioned Tuesday. The 2022 development was pushed by $3.8B in Bluerock’s flagship interval fund, Bluerock Total Income+ Real Estate Fund, up 164% Y/Y, and the launch of the agency’s industrial REIT, Bluerock Industrial Growth REIT.
“Given the underlying wholesome fundamentals of personal actual property together with broad-based excessive occupancy charges, low ranges of debt, and an undersupply to demand, we consider non-public actual property will proceed to climate the anticipated financial headwinds in 2023 and shall be poised for the following upcycle, significantly in our excessive conviction sectors together with the condominium, life-science, industrial and single-family rental house sectors,” mentioned Bluerock Capital Markets CEO Jeffrey S. Schwaber.
During the 12 months, Bluerock spun out Bluerock Residential Growth REIT’s (BRG) single-family rental enterprise right into a newly shaped publicly traded REIT, Bluerock Homes Trust (NYSE:BHM), then Blackstone (BX) acquired BRG for $3.6B.
During the 12 months, Bluerock Total Income+ completed the 12 months up 10%,whereas public REITS fell 22%, the corporate mentioned.
Since its spinoff in September, BHM shares have risen ~0.6% vs. the S&P 500’s 9.7% achieve.