Broadstone Real Estate has launched Broadstone Real Estate Access Fund, a continuously offered, closed-end interval fund, registered under the Investment Company Act of 1940.
The fund’s registration was declared effective by the Securities and Exchange Commission on Oct. 1, 2018.
BDREX seeks to deliver total returns on behalf of investors via generation of current income and appreciation of capital, while offering low correlation to the public equity markets and low-to-moderate volatility. The Fund intends to invest in public exchange-traded REIT securities, private/institutional real estate funds, and direct real estate investments.
BDREX is available in two share classes: Class W (BDRWX) and Class I (BDREX), with an initial NAV of $10.00 per share. The minimum initial investment is $2,500 for Class W shares and $1 million for Class I shares. Class I was created to serve the clients of registered investment advisers (RIAs) and wealth managers, and provide a reduced-fee share class to individual investors seeking to invest more than $1 million. RIAs and wealth managers investing in Class I must achieve an aggregate of $1 million in BDREX investment across their client base.
As a sponsor and manager of real estate investment offerings for individual investors and institutions seeking income-oriented alternatives to the public equity markets, Broadstone has acquired more than $3 billion of direct real estate on behalf of investors. Management initially seeded the Fund with insider capital, showing considerable fund sponsor alignment and support.
