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NEW YORK, Dec. 3, 2020 /PRNewswire/ — The Bluerock Total Income+ Real Estate Fund, a public, closed-end interval fund utilizing a multi-manager, multi-strategy, and multi-sector approach (“TI+”, “Fund”, tickers: TIPRX, TIPPX, TIPWX, TIPLX), reported a net asset value (NAV) per share of $29.50 as of November 30, 2020; an increase of approximately 2.1% since September 30, 2020.  Year-to-date, TI+ has generated net positive total returns to investors of 0.93% (A-shares, no load), as of November 30, 2020.  Since inception in October 2012, TIPRX has generated an annualized net return of 7.12%, and a total cumulative return of nearly 75%.

The Fund’s NAV has increased from an introductory per share price of $25.00 to $29.50 per share as of November 30, 2020; an 18% increase.  Further, TI+ has paid 31 consecutive quarterly distributions totaling approximately $11.40 per share, the last 28 at an annual rate of 5.25%*, and is anticipating the ability to pay its upcoming Q4 quarterly distribution at the same distribution rate. 

“Despite the deepest quarterly GDP decline in U.S. history triggered by the onset of the COVID-19 global pandemic, the leading institutional private real estate index¹ and Bluerock Total Income+ Real Estate Fund have both posted positive total returns year-to-date 2020 which we believe is a testament to the underlying fundamentals of the asset class”, reported Jeffrey Schwaber, CEO of Bluerock Capital Markets. “We believe TI+ Fund’s strategic allocations into higher performing real estate sectors and investing with best-in-class institutional investment managers has allowed the Fund to limit drawdowns and generate positive total returns for our shareholders”, added Schwaber.   

As of September 30, 2020, nearly 80% of the Fund’s underlying portfolio² is comprised of 1) strategic sector overweights to the industrial, apartment and specialty sectors, which have generally fared better than retail, hotel, and office sectors in 2020 and in the trailing 5 years; and 2) significant investments in private institutional real estate debt providing attractive yields and priority within the real estate capital stack making it more defensive.

TI+ A Share Fund Net Performance:

Returns presented are total net return: Expressed in percentage terms, the calculation of total return is determined by taking the change in price, reinvesting, if applicable, all income and capital gains distributions during the period, and dividing by the starting price. Returns greater than one year are annualized.

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month end, please call toll-free 1-888-459-1059.  Past performance is no guarantee of future results.

 

The total annual fund operating expense ratio, gross of any fee waivers or expense reimbursements, is 2.21% for Class A, 2.96% for Class C, 1.96% for Class I, and 2.45% for Class L. The Fund’s investment advisor has contractually agreed to reduce its fees and/or absorb expenses of the fund, at least until January 31, 2021 for Class A, C, I and L shares, to ensure that the net annual fund operating expenses will not exceed 1.95% for Class A, 2.70% for Class C and 1.70% for Class I, and 2.20% for Class L, per annum of the Fund’s average daily net assets attributable to Class A, Class C, Class I, and Class L shares, respectively, subject to possible recoupment from the Fund in future years. Please review the Fund’s Prospectus for more detail on the expense waiver. A fund’s performance, especially for very short periods of time, should not be the sole factor in making your investment decisions. Fund performance and distributions are presented net of fees. 

About Bluerock Total Income+ Real Estate Fund
The Bluerock Total Income+ Real Estate Fund offers individual investors access to a portfolio of institutional real estate securities managed by top-ranked fund managers. The Fund seeks to provide a comprehensive real estate holding designed to provide a combination of current income, capital preservation, long-term capital appreciation and enhanced portfolio diversification with low to moderate volatility and low correlation to the broader equity and fixed income markets. The Fund utilizes an exclusive partnership with Mercer Investment Management, Inc., the world’s leading advisor to endowments, pension funds, sovereign wealth funds and family offices globally, with over 3,300 clients worldwide, and over $15.0 trillion in assets under advisement.

The Bluerock Total Income+ Real Estate Fund is a closed-end interval fund that invests the majority of its assets in institutional private equity real estate securities that are generally available only to institutional investors capable of meeting the multi-million dollar minimum investment criteria. As of Q3 2020, the value of the underlying real estate held by the securities in which the Fund is invested is approximately $194 billion, including investments managed by Ares, Blackstone, Morgan Stanley, Principal, PGIM, Clarion Partners, Invesco and RREEF, among others. The minimum investment in the Fund is $2,500 ($1,000 for retirement plans) for Class A, C, and L shares. 

Investors should carefully consider the investment objectives, risks, charges and expenses of the Bluerock Total Income+ Real Estate Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained online at bluerockfunds.com. The Bluerock Total Income+ Real Estate Fund is distributed by ALPS, Inc. The prospectus should be read carefully before investing. Bluerock Fund Advisor, LLC is not affiliated with ALPS, Inc. 

Investing in the Bluerock Total Income+ Real Estate Fund involves risks, including the loss of principal. The Fund intends to make investments in multiple real estate securities that may subject the Fund to additional fees and expenses, including management and performance fees, which could negatively affect returns and could expose the Fund to additional risk, including lack of control, as further described in the prospectus.

*The Fund’s distribution policy is to make quarterly distributions to shareholders. The level of quarterly distributions (including any return of capital) is not fixed and this distribution policy is subject to change. Shareholders should not assume that the source of a distribution from the Fund is net profit. All or a portion of the distributions consist of a return of capital based on the character of the distributions received from the underlying holdings, primarily Real Estate Investment Trusts. The final determination of the source and tax characteristics of all distributions will be made after the end of each year. Shareholders should note that return of capital will reduce the tax basis of their shares and potentially increase the taxable gain, if any, upon disposition of their shares. There is no assurance that the Fund will continue to declare distributions or that they will continue at these rates.  There can be no assurance that any investment will be effective in achieving the Fund’s investment objectives, delivering positive returns or avoiding losses.

Limited liquidity is provided to shareholders only through the Fund’s quarterly repurchase offers for no less than 5% of the Fund’s shares outstanding at net asset value. There is no guarantee that shareholders will be able to sell all of the shares they desire in a quarterly repurchase offer. Quarterly repurchases by the Fund of its shares typically will be funded from available cash or sales of portfolio securities. The sale of securities to fund repurchases could reduce the market price of those securities, which in turn would reduce the Fund’s net asset value.

For copies of TI+ public company filings, please visit the U.S. Securities and Exchange Commission’s website at www.sec.gov or the Fund’s website at www.bluerockfunds.com.

Definitions:
Maximum Drawdown: The maximum decline a security experiences prior to reaching its previous peak.

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SOURCE Bluerock Total Income+ Real Estate Fund

CHICAGO, Dec. 3, 2020 /PRNewswire/ — JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), built on its momentum in achieving sustainability benchmarks by earning a three-star GRESB Rating in the 2020 Real Estate Assessment. The rating comes from the leading, institutionally accepted, global non-profit agency committed to creating better places for people and communities. GRESB, which stands for Global Real Estate Sustainability Benchmark, evaluates the environmental, social and governance (ESG) performance of real estate investment portfolios worldwide. This is JLL Income Property Trust’s third annual GRESB ranking, after becoming the first NAV REIT to earn a ranking in 2018. It has received either a three- or four-star rating over all three years.

“Good investing includes looking closely at ESG, and we pride ourselves on making investment decisions that incorporate the core principles of our environmental, social and governance policies,” said Allan Swaringen, President & CEO of JLL Income Property Trust. “Benchmarking our portfolio with leading public and private real estate funds both nationally and globally provides our stockholders and their financial advisors the important context they need to understand that we invest with ESG best practices in mind.”

JLL Income Property Trust, which currently owns a more than $3 billion, 79-property portfolio of core commercial real estate, also earned Fitwel certifications for two of its Class A apartment communities: 180 North Jefferson in Chicago and The Penfield in St. Paul, Minnesota. Created by the U.S. Centers for Disease Control and Prevention and U.S. General Services Administration, Fitwel certifies that buildings meet the health and wellness needs of the people who use them. Using a certified double-blind method created by health professionals, the certification accounts for factors in 12 categories such as location, indoor spaces, water supply and emergency procedures. For certification, 90 to 104 points is required for a single star rating; 105 to 124 points earns two stars; and 125 to a maximum of 144 points garners three stars.

180 N. Jefferson, a 274-unit apartment community, received a one-star designation, given its excellent walkability and proximity to parks, bike sharing programs and grocery stores, its outdoor common areas and tobacco-free policies, and its strategic design meant to limit indoor noise.

The Penfield, a 254-unit apartment community, became the first apartment community in Minnesota to receive a Fitwel certification, receiving a two-star rating given its proximity to parks, playground and bike share, an attached grocery store, tobacco-free and indoor air quality policies, and units that minimize noise and maximize natural views. The rating represents the first portfolio property to receive a two star-rating.   

JLL Income Property Trust is an institutionally managed, daily NAV REIT that gives investors access to a growing portfolio of commercial real estate investments selected by an institutional investment management team and sponsored by one of the world’s leading real estate services firms.

For more information on JLL Income Property Trust, please visit our website at www.jllipt.com.

About JLL Income Property Trust (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX),
Jones Lang LaSalle Income Property Trust, Inc. is a daily NAV REIT that owns and manages a diversified portfolio of high quality, income-producing apartment, industrial, office and grocery-anchored retail properties located in the United States. JLL Income Property Trust expects to further diversify its real estate portfolio over time, including on a global basis. For more information, visit www.jllipt.com.

About LaSalle Investment Management
LaSalle Investment Management is one of the world’s leading real estate investment managers. On a global basis, LaSalle manages approximately $69 billion of assets in private and public real estate property and debt investments as of Q3 2020. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. For more information please visit http://www.lasalle.com.

Valuations, Forward Looking Statements and Future Results


This press release may contain forward-looking statements with respect to JLL Income Property Trust. Forward-looking statements are statements that are not descriptions of historical facts and include statements regarding management’s intentions, beliefs, expectations, research, market analysis, plans or predictions of the future. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. Past performance is not indicative of future results and there can be no assurance that future dividends will be paid.

 

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SOURCE JLL Income Property Trust

CHICAGO, Dec. 3, 2020 /PRNewswire/ — Aon plc (NYSE: AON), a leading global professional services firm providing a broad range of risk, retirement and health solutions, will launch its pooled employer plan Jan. 1 after registering it with the U.S. Department of Labor today. Aon expects more than half of U.S. employers to merge their traditional 401(k)s into pooled employer plans during the next decade, according to a report.   

The Aon PEP will start the year with two employers in January and is scheduled to transition three additional clients through April. These initial employers are from a diverse mix of industries that include aerospace, chemical, music production, pediatric medicine and petroleum. Participants will benefit from higher performing, more efficient 401(k) plans.

“Based on overall value, we predict that many more employers will transition to PEPs in the coming years,” said Paul Rangecroft, North America retirement practice leader for Aon. “The benefits of such a move – lower costs, reduced time commitment from corporate staff, improved governance and high-quality retirement planning options — will be difficult to match in a single employer solution.”

The combined scale in pooled employer plans will help beneficiaries lower plan costs, including record-keeping and investment management fees. Beneficiaries also will have easier access to investment tools and education services to better prepare for retirement.

From the employer perspective, pooled employer plans will reduce staff time dedicated to plan management, compliance and governance (i.e., elimination of many tasks such as government filings, plan audits, etc.). Pooled employer plans will also reduce fiduciary and litigation risks.

“The Aon PEP provides the efficiency and scale of a pooled plan, while maintaining individual employer autonomy to define matching and other contribution levels, and various key plan design features,” said Rick Jones, partner for Aon’s Retirement Solutions.

Aon leaders will host a webinar at 2 p.m. CT  Tuesday, Dec. 8, titled: “Pooled Employer Plans, SECURE 2.0, and the Future of Retirement Security,” which will feature a policy discussion on how pooled employer plans will transform retirement. Prominent Washington, D.C. speakers include U.S. Senator Ben Cardin of Maryland; Payson Peabody, tax counsel for the U.S. House Committee on Ways and Means; Preston Rutledge, founder and principal at Rutledge Policy Group and a former assistant secretary of labor, Employee Benefits Security Administration; and moderator Lynn D. Dudley, senior vice president, global retirement & compensation policy, American Benefits Council.

For more information about the Aon PEP, click here or email [email protected].

About Aon

Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

Follow Aon on Twitter and LinkedIn. Stay up to date by visiting the Aon Newsroom and hear from our expert advisors in The One Brief. Sign up for news alerts here.

Media Contacts:

Robert Elfinger

[email protected] 
+1 312-381-0071

Sadie Schwarm

[email protected]

+1 217-502-4521

 

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SOURCE Aon plc

NEW YORK, Dec. 3, 2020 /PRNewswire/ — Break out the Baileys and whip out your whisks, because the Baileys Holiday Baking Club is making it fun and easy to treat yourself and your loved ones this Holiday season. Baileys and baking are synonymous with the Holidays, and the time-honored tradition is living on (yes, even in 2020!), whether hosting a virtual soirée or an intimate gathering with loved ones.

Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8822651-baileys-holiday-baking-club-series/

The Baileys Holiday Baking Club brings together expert bakers to teach not-so-expert celebrities (and viewers at home) how to mix up the perfect Holiday treats, all while giving back in an effort to continue to support small businesses and meaningful causes during the season of giving. Whether using the signature Baileys Original Irish Cream liqueur, or the limited-edition Baileys Red Velvet, baking with Baileys evokes those timeless Holiday traditions that so many crave this time of year.

The three-part series will be released weekly throughout December on Baileys’ official Instagram (@BaileysUS) and will feature indulgent Baileys-infused Holiday treats specially curated by some of today’s most celebrated bakers from across the country. Each video will include step-by-step instructions (also available at Baileys.com) so viewers can follow along at home, because sharing the kitchen with loved ones while baking your favorite treats is a tradition that is essential to the perfect Holiday celebration. Tune in each week as the celebrities mix, measure and make a mess of their kitchens – having fun along the way. And, for those who prefer to leave the baking to the pros, each treat will also be available for nationwide purchase after each episode airs until the end of December, while supplies last.

The Baileys Holiday Baking Club series will feature:

• EPISODE 1 –Award-Winning Talk Show Host, Comedian and Author Loni Love & Celebrity Baker Katherine Berman, Co-Owner of Georgetown Cupcake: On December 3^rd, watch the laugh-out-loud funny television host and acclaimed cupcake queen re-create the bakery’s #1 selling cupcake flavor, red velvet, infused with the award-winning Baileys Red Velvet liqueur. Available for purchase at georgetowncupcake.com.
• EPISODE 2 – Olympic Figure Skater Adam Rippon & Auzerais Bellamy of Blondery: On December 10^th, the ice skater extraordinaire and blondie boss will prove that treating yourself this Holiday season is truly the icing on the cake as they mix up Stout & Baileys Cake Jars made with Baileys Original Irish Cream. Available for purchase at blondery.com.
• EPISODE 3 – Reality TV Star Gizelle Bryant & Maya-Camille Broussard of Justice of the Pies: On December 17^th, the stylish Real Housewife of Potomac star and pie pro join forces to create a seasonal Baileys Chocolate Fig Pie, infused with Baileys Original Irish Cream. Available for purchase at justiceofthepies.com.

“Throughout the years, Baileys has always been at the center of Holiday celebrations amongst loved ones, whether its enjoyed neat, on the rocks, in coffee or baked into a treat,” shared Stacey Cunningham, Director of Baileys & Liqueurs, Diageo North America. “While the Holidays may feel a bit different this year, we hope that the Baileys Holiday Baking Club will bring a sense of togetherness and joy that will help people uphold traditions of connecting over their favorite indulgences, even if while virtually.”

In the season of giving, Baileys wants to support local bakeries around the country who are providing some Holiday joy during this difficult year. Beyond highlighting these small businesses through the Baileys Holiday Baking Club, the brand will also be donating a total of $75,000 to various charities which are close to each bakery’s hearts. Twenty-five thousand dollars each will go to the Restaurant Workers’ Community Foundation on behalf of Georgetown Cupcake, the Equal Justice Initiativeon behalf of Blondery, and the Black Women’s Blueprint on behalf of Justice of the Pies.¹

Plus, to bring some additional excitement to this Holiday season, one lucky winner and an intimate group of their loved ones (up to five family or friends, 21 years or older) will also have the opportunity to win a private Zoom baking class with Loni Love and Katherine Berman! Participants of legal drinking age can enter this once-in-a-lifetime Holiday experience at bakingclub.baileys.com. NO PURCHASE NECESSARY. U.S. only. Enter by 12/17/2020 @ 11:59:59 p.m. ET. Subject to Official Rules.

Baileys encourages consumers of legal drinking age to treat themselves responsibly this season. For more information, please visit www.BAILEYS.com.

About BAILEYS Irish Cream Liqueur:
BAILEYS launched in Ireland in 1974. It is now available in 180 markets worldwide and is the number one selling liqueur in the world. Owned by Diageo plc, BAILEYS is currently ranked 7th among all distilled spirits sold worldwide. It’s the signature delicious balance of Irish Cream, whiskey and fine spirits that makes BAILEYS Original Irish Cream the perfect little indulgence when you need a break from your daily routine. The BAILEYS portfolio includes Original Irish Cream, Salted Caramel, Vanilla Cinnamon, Espresso Crème, Strawberries & Cream and Almande. For more information on BAILEYS Original Irish Cream, please visit us at www.BAILEYS.com.

About Diageo
Diageo is a global leader in beverage alcohol with an outstanding collection of brands including Johnnie Walker, Crown Royal, Bulleit and Buchanan’s whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness.

Diageo is listed on both the New York Stock Exchange (DEO) and the London Stock Exchange (DGE) and our products are sold in more than 180 countries around the world. For more information about Diageo, our people, our brands, and performance, visit us at www.diageo.com. Visit Diageo’s global responsible drinking resource, www.DRINKiQ.com, for information, initiatives, and ways to share best practice.

Follow us on Twitter for news and information about Diageo North America: @Diageo_NA.

¹ In all cases, donation will be made solely by Diageo Americas, Inc. to the corresponding charity. 

Media contact:

Hunter


[email protected]

 

 

 

 

 

 

 

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SOURCE Baileys Irish Cream Liqueur