Bluerock Private Real Estate Fund

The Board currently consists of six individuals (I. Bobby Majumder, Romano Tio, Ramin Kamfar, S. Sori Farsheed, Ryan MacDonald and Kamal Jafarnia), four of whom (Messrs. Majumder, Tio and Jafarnia and Ms. Farsheed) are not “interested persons” (as defined under the 1940 Act) of the Fund, the Fund’s investment advisor (the “Advisor”), any sub-advisor, or distributor (“Independent Trustees”).

I. Bobby Majumder and Romano Tio are standing for re-election as Class I Trustees. Each Class I Trustee elected at the Annual Meeting will serve for a three (3) year term that expires on the date of the Fund’s 2029 annual meeting, or special meeting in lieu thereof at which Trustees are elected, following the meeting at which such succeeding Trustees were elected, or until his earlier death, resignation, retirement or removal.

Each Trustee Nominee has indicated that he is willing and able to serve or continue to serve on the Board, and the Board has no reason to believe that any Trustee Nominee will be unavailable to serve as Trustee. If any Trustee Nominee becomes unavailable to serve for any reason, the persons named as proxies will vote for such other nominees nominated by the Nominating and Governance Committee. Under the Fund’s Amended and Restated Declaration of Trust (the “Amended and Restated Declaration of Trust”) and Second Amended and Restated By-Laws (the “Amended and Restated By-Laws”), each Trustee duly elected shall hold office until the expiration of his or her term and his or her successor shall have been elected at a meeting of shareholders called for the purpose of electing Trustees and shall have qualified, with certain exceptions.