Saba Capital and affiliates hold 7,322,660 Bluerock Private Real Estate Fund common shares, representing 5.12% of the outstanding stock. The position matters because Saba Capital intends to propose terminating the Investment manager, seek board changes and conduct a proxy solicitation at the 2027 annual meeting.

Key Highlights

  • Saba Capital and related parties paid approximately $107,845,238 ($107.8 million) to acquire the common shares.
  • Saba Capital Management and related parties report ownership of 7,322,660 Bluerock Private Real Estate Fund common shares, equal to 5.12% of the outstanding stock.
  • Saba Capital intends to seek termination of Bluerock Private Real Estate Fund’s investment manager and board changes at the 2027 annual meeting.

Bluerock Private Real Estate Fund (NYSE: BPRE) is facing a 5.12% activist position held by Saba Capital Management and related parties, representing 7,322,660 common shares. The ownership percentage is based on 143,044,372 common shares outstanding as of June 15, 2026.

$107,845,238 Invested in Common Shares

Approximately $107,845,238 ($107.8 million) was paid to acquire the reported common shares. Saba Capital Management GP, LLC serves as its general partner, while Boaz R. Weinstein is managing member of the general partner.

The plan also includes seeking board change and conducting a proxy solicitation.