Investment Holdings

Fund Assets Under Management: $4.56 Billion

Exposure to Underlying Portfolio: One of the Largest Diversified Institutional Real Estate Portfolios

Bluerock Total Income+ Real Estate Fund (“Fund”) pursues its objectives by diversifying through a multi-manager, multi-strategy, and multi-sector investment approach.* To date, the Fund has made investments into underlying securities that collectively include:

$351B

Gross Asset Value

6,775+

Properties

92%

Occupancy¹

33%

Weighted Average Loan-To-Value²

As of June 30, 2024

Sector Diversification

45%

Industrial

23%

Apartment

19%

Life Science

Specialty

Office

Retail

Specialty includes self storage, student housing, senior housing, medical office, and land properties.

Geographic Diversification

Investments in top tier markets across the nation reduce reliance on any one city or state and provide the ability to capture well performing submarkets in multiple regions.

39%

West

29%

Central

32%

East

The underlying sector and geographic diversification statistics presented herein reflects the Fund’s weighted average ownership in the underlying investments.

Portfolio Holdings

The Fund’s net investable assets are allocated to the following underlying private investment holdings

The sector diversification presented above represents examples of how the Funds’ institutional fund investments are allocated as of the date herein, but is subject to change at any time.

* The Fund’s primary investment objective is to generate current income while secondarily seeking long-term capital appreciation with low to moderate volatility and low correlation to the broader markets.

¹ Occupancy rates reported from underlying managers, average is the simple average of all private funds. Generally excludes properties under construction, but generally includes properties in lease-up.

² Weighted average loan to value: outstanding loan balance divided by the total value of the underlying real estate.