Using an Interval Fund to Add Real Estate to Client Portfolios

Jennifer Dohrmann-Alpert, managing director of Real Assets Adviser, recently spoke with Kate Davis, president and portfolio manager of Broadstone Real Estate Access Fund, a real estate interval fund sponsored by Broadstone Real Estate, LLC (Broadstone or the firm). Following is an excerpt of that conversation.

Hello Kate. I understand you have recently launched a new strategy, Broadstone Real Estate Access Fund. Can you tell me about it?

Broadstone Real Estate Access Fund (BDREX or the fund) is an unlisted closed-end investment company, which is commonly referred to as an interval fund. The fund seeks a return comprised of both current income and long-term capital appreciation, with low-to-moderate volatility and low correlation to the broader markets. It is focused on providing investors access to a diversified portfolio of real estate investments. As an interval fund, the fund provides investors the opportunity for liquidity on a quarterly basis, while still offering the potential benefits of being invested in real estate as an asset class, which is usually a relatively illiquid investment.

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This article was reprinted with permission from RealAssets Adviser

About The Author

Broadstone is a sponsor and manager of diversified, continuously offered real estate investment offerings for wealth managers, individuals, and institutions seeking alternatives to the public equity markets. The Firm manages over $4 billion in real estate assets.