Bluerock BPRE Trustee Ryan S. MacDonald Buys 1,245 Shares

What Happened
Ryan S. MacDonald, listed as a Trustee of Bluerock Private Real Estate Fund (BPRE), reported an acquisition of 1,245 shares on 2026-08-18 at $12.04 per share, for a total reported value of $14,990. The transaction is reported on Form 4 as code "J" (other acquisition/disposition).

Key Details

• Transaction date: 2026-08-18; Filing date: 2026-08-19 (filed next day).
• Price and amount: 1,245 shares at $12.04 each; total reported value $14,990.
• Transaction code: J — reported as "other acquisition or disposition" (not a standard open-market purchase, sale, option exercise, or award).
• Shares owned after transaction: Not specified in the supplied filing details.
• Filing agent note: Report filed by an Attorney‑in‑Fact under a Limited Power of Attorney for Section 16(a) filings dated May 26, 2021.
• Timeliness: Filed the day after the transaction; no indication in the provided data that this was a late Section 16 filing.

Context
This is a small-dollar acquisition (~$15k) by a trustee. Purchases can be interpreted as more informative than sales, but the "J" code means this wasn't reported as a standard open-market buy or option exercise; the filing does not explain the specific mechanism. No speculative conclusions on intent should be drawn from this single, modest transaction.