Three insiders at Bluerock Private Real Estate Fund ($BPRE) reported open-market purchases totaling $5,947,404.62 between September 21 and October 14, 2026. Director Ramin Kamfar accounted for $5,901,551.82 across six purchases. Director Ryan S. MacDonald and president Jordan B. Ruddy added $1,536.00 and $44,316.80 on October 13 and October 14. Together, the three insiders bought 484,410 shares.
Kamfar's first purchase in the cluster was 67,878 shares at $11.9630 per share on September 21, totaling $812,024.51. On September 22, he bought 111,885 shares at $12.0205, totaling $1,344,913.64. On September 23, he made two purchases: 150,000 shares at $12.4752, totaling $1,871,280.00, and 5,808 shares at $12.4500, totaling $72,309.60. On September 24, he bought 115,229 shares at $12.3899, totaling $1,427,675.79. On September 25, he bought 29,970 shares at $12.4574, totaling $373,348.28. Across the six transactions, Kamfar bought 480,770 shares. His reported ownership after the September 25 trade was 480,770 shares.
All six of Kamfar's transactions were filed on September 29. That was eight days after the first purchase in the series and four days after the last. The Form 4 records list each transaction as an open-market purchase, transaction type P.
Kamfar also reported open-market purchases earlier in 2026 at Bluerock Homes Trust, Inc. ($BHM), where the database lists him as CEO. Those March purchases included 25,000 shares at $11.65 on March 3, 22,727 shares at $10.97 on March 18, 3,071 shares at $10.68 on March 19, and 5,707 shares at $10.97 on March 20, totaling $635,969.26. The database also recorded two December 12, 2025, $BHM purchases of 500 shares at $8.80 and 100 shares at $8.45, both filed on March 11, 2026.
MacDonald's October 13 purchase was 120 shares at $12.8000, totaling $1,536.00. It left him with 42,395 shares after the transaction. Ruddy's October 14 purchase was 3,520 shares at $12.5900, totaling $44,316.80, and left him with 17,192 shares. Both filings were submitted on October 15, two days after MacDonald's trade and one day after Ruddy's.
A query of the database returned no earlier $BPRE insider trades before September 21, 2026, and no $BPRE entries in the congressional STOCK Act disclosure records. Kamfar's per-share prices in the series ranged from $11.9630 on September 21 to $12.4752 on September 23. The two October purchases were recorded at $12.8000 and $12.5900. The earliest trade in the group was Kamfar's September 21 purchase, and the latest was Ruddy's October 14 purchase. The database listed three distinct insiders across the eight transactions.