Bluerock's Baffico on narrowing a big discount amid changed market conditions

Podcast: The NAVigator · Active Investment Company Alliance

Opublikowano: 2026-10-23

Steve Baffico, Executive Vice President and head of listed products at Bluerock, discusses the fund's continuing transition and how making the move from a fund-of-funds to owning hundreds of individual properties is challenged by current market conditions. That has contributed to one of the widest discounts in the closed-end fund industry, currently standing above 40 percent, but Baffico explains the steps the company is taking to narrow that discount, why the firm has not done a share buy-back with the cash it is raising through the fund's transition, but why a buy-back might make sense later in the process. He...