Wild that a $3.6bn closed end Real Estate fund $BPRE can immediately crash -40% vs NAV on becoming publicly listed.
Hard assets? More like a meme-coin valuation mirage, sold to the dumb and naive by unscrupulous advisers…
boaz weinstein: Worst fears confirmed for BlueRock investors. 😱
BPRE opens at ~$15 vs. $24+ NAV. -38% discount.
Instant ~$1.5B wealth destruction. No more 5% quarterly liquidity at NAV.
Bluerock management chose to entrench themselves in a closed-end fund conversion.
Shareholders approved,
Hard assets? More like a meme-coin valuation mirage, sold to the dumb and naive by unscrupulous advisers…
boaz weinstein: Worst fears confirmed for BlueRock investors. 😱
BPRE opens at ~$15 vs. $24+ NAV. -38% discount.
Instant ~$1.5B wealth destruction. No more 5% quarterly liquidity at NAV.
Bluerock management chose to entrench themselves in a closed-end fund conversion.
Shareholders approved,
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