The firm has been running a Reg D offering involving senior secured bridge real estate loans for the past eight years. Earlier this year, it decided to switch to an interval fund structure.
Bluerock is among a group of alternative asset managers creating offerings meant to increase access to other asset types and investment structures.
The latest Hodes Weill Real Estate Allocation Manager found that the most sophisticated institutions still invest in REITs alongside private placements and direct investments.
The firm has been investing in residential mortgages for the past eight years. It’s seeing better opportunities now than it has for some time, its co-founder says.
They see a $10 trillion opportunity in the next decade, but obstacles remain to widespread use of private investments.
