16 Mar Bluerock Corporate Update Regarding COVID-19
Dear Clients and Partners,
We wanted to reach out and update you regarding Bluerock and our investment programs given the COVID-19 pandemic and the resulting down market.
Bluerock Corporate Update
Bluerock has well-developed company-wide contingency plans to address natural disasters, including risk from Coronavirus. In addition, Bluerock’s organizational and technological infrastructure, including its geographic diversity across NY, MI, CA and ID offices, with built-in redundancies, strengthens its ability to handle business contingencies.
Bluerock has implemented protective measures, including location-specific Work From Home policies and limits on non-essential travel, as part of our commitment to protecting our employees while ensuring the ability to service our clients and the 60,000+ investors who have placed their trust in us. Bluerock will continue to monitor developments and update our protective measures as needed.
Bluerock’s business operates with a financially strong conservative balance sheet with zero corporate debt. Bluerock has operated profitably every year since inception, including during the Great Recession, with business segments that have delivered proven resiliency across multiple market cycles.
Bluerock Investment Program Update
Although future performance cannot be guaranteed, Bluerock investment programs are designed to be all-weather products, with the ability to deliver stable results across economic cycles, including the current environment, which we believe is reflected in our recent performance.
- Bluerock Total Income+ Real Estate Fund benefits from a core portfolio of high quality assets well diversified across sectors, geographies, managers, and strategies, with low leverage, and has delivered positive 2020 year-to-date returns compared to the S&P 500 and the MSCI REIT Index.
- Bluerock Residential Growth REIT Series T Preferred Stock benefits from the stability of its value as preferred stock, while delivering a mostly tax advantaged 6.15% dividend. We note that REIT preferred stock has historically performed well in any economic downturn / recession.
- Bluerock Value Exchange DST programs benefit from the traditional stability of the multifamily asset class during downturns, and from protections built into the DST structure including significant initial reserves, along with a master lease structure.
We look forward to continuing to deliver strong performance for our investors during current times. Please reach out to your contact at Bluerock Capital Markets or our Investor Relations Department by email at email@example.com or by phone at (888) 558-1031 if you have any questions.
Founder and Chief Executive Officer
This is neither an offer to sell nor a solicitation of an offer to buy any securities. An offering of securities is made only by the applicable prospectus. Any prospective investor must read the prospectus prior to making an investment in order to understand fully the implications and risks of such investment.