{"filing":{"accession_number":"0001398344-26-011663","cik":"0001551047","ticker":"BPRE","company_name":"Bluerock Private Real Estate Fund","form":"8-K","filing_date":"2026-07-02","report_date":null,"primary_document":"fp0099747-1_8kixbrl.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1551047/000139834426011663/fp0099747-1_8kixbrl.htm"},"events":[{"id":16019,"run_id":14290,"accession_number":"0001398344-26-011663","anchor_item_number":"1.01","event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.75,"summary":"Bluerock Private Real Estate Fund entered into a material Administrative Services Agreement with its adviser on July 1, 2026, establishing a new 0.20% annual fee structure for administrative and accounting services. The adviser voluntarily waived approximately 53% of the ASA Fee to pass savings to investors, materially impacting fund expenses and shareholder returns.","company_name":"Bluerock Private Real Estate Fund","ticker":"BPRE","filing_date":"2026-07-02","form":"8-K","submitted_at":null,"items":[{"id":13967,"accession_number":"0001398344-26-011663","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"The Fund entered into a material Administrative Services Agreement with its adviser on July 1, 2026, establishing a new 0.20% annual fee structure for administrative and accounting services related to direct real estate investments and fund operations. While this is a material definitive agreement (Item 1.01), it is fundamentally an operational/service arrangement rather than a traditional M\u0026A transaction, debt issuance, or other specifically-named event type. The agreement's materiality stems from its impact on fund expenses and shareholder returns, particularly the adviser's voluntary waiver of approximately 53% of the ASA Fee to pass savings to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-02T21:29:38.736935+00:00","company_name":"","ticker":null,"filing_date":""},{"id":13968,"accession_number":"0001398344-26-011663","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"The disclosure updates investors on the Fund's strategic rotation into direct real estate, reporting $250 million in closed investments and $450 million in pipeline. This is a material operational/strategic milestone for a real estate fund, but does not fit a specific named category—it is neither M\u0026A activity (no acquisition/disposition of a company), nor a routine administrative matter. The scale ($700 million total) and strategic significance warrant materiality, making operational_other the most appropriate classification.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-02T21:29:38.736935+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":13967,"accession_number":"0001398344-26-011663","item_number":"1.01","item_title":"Entry into a Material Definitive Agreement.","event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"The Fund entered into a material Administrative Services Agreement with its adviser on July 1, 2026, establishing a new 0.20% annual fee structure for administrative and accounting services related to direct real estate investments and fund operations. While this is a material definitive agreement (Item 1.01), it is fundamentally an operational/service arrangement rather than a traditional M\u0026A transaction, debt issuance, or other specifically-named event type. The agreement's materiality stems from its impact on fund expenses and shareholder returns, particularly the adviser's voluntary waiver of approximately 53% of the ASA Fee to pass savings to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-02T21:29:38.736935+00:00","company_name":"Bluerock Private Real Estate Fund","ticker":"BPRE","filing_date":"2026-07-02"},{"id":13968,"accession_number":"0001398344-26-011663","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"The disclosure updates investors on the Fund's strategic rotation into direct real estate, reporting $250 million in closed investments and $450 million in pipeline. This is a material operational/strategic milestone for a real estate fund, but does not fit a specific named category—it is neither M\u0026A activity (no acquisition/disposition of a company), nor a routine administrative matter. The scale ($700 million total) and strategic significance warrant materiality, making operational_other the most appropriate classification.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-02T21:29:38.736935+00:00","company_name":"Bluerock Private Real Estate Fund","ticker":"BPRE","filing_date":"2026-07-02"}]}