THE BLUEROCK FUND PCC LTD. Alternative Investment Fund Managers Directive (AIFM) compliant Fully regulated by the Financial Services Commision (FSC) in Gibraltar and the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg Audited by BDO Legally advised by Hassans, Gibraltar All investments completely ring fenced from each other

1. OUR METHODOLOGY. WHY IT IS SO UNIQUE AND VALUABLE
FUND ADMINISTRATOR & MANAGERDEPOSITARY BANK LEGAL ADVISORS CORPORATE SECRETARY AUDITOR

2. 2
Direct Real Estate Investment
The investor holds a participation in the Fund, but actually
the investment into BlueRock is more of a direct real estate
investment. Each cell is closed ended and alloted to only a single
property deal. Therefore, investors do not buy participation into a
mixed portfolio or a regular fund often called a “blackbox” where
the fund managers can buy and sell. BlueRock investors are fully
aware of exactly which property they invest in. Their investment is
completely segregated from any other Investments that BlueRock
may make, as each investment is structured in a cell completely
ring fenced from any other investments.
Diversification
BlueRock gives you the Opportunity to partially participate in a
unique and Large-Size Real Estate Investment. This gives investors
more possibilities to invest into various properties – or the Fund
Cells - resulting in more diversity regarding investment, property,
country, currencies, tenants, etc. This allows a more diversified risk
approach than going into one direct investment or a concentrated
investment with a club deal.
Access to Rare and Better Deals
Thanks to our reputation and track record we have access to
off-market investment opportunities. We focus on a special niche
of properties that are typically too large for private investors,
but equally too small for single large corporate entities such as
insurance and pension funds. The demand for medium sized
properties is lower than small or very large properties and this
is reflected in more attractive purchase prices which add to our
competitive advantage.
Professionalism
The fund mandates only top tier firms for legal, technical, tax and
financial due diligence as well as market research. A high budget
is available due to the high deal volumes which would normally
not be available to individual investors. Additionally, BlueRock has
a team of professional Directors whose experience and integrity
reflects the exceptional standards which BlueRock is committed
to and make sure that the deal is closed in the most optimized
and secure way.
Tax
Investments into BlueRock are a part of the investor’s bank
portfolio - the income is shown on your bank statement.
As opposed to private deals where each investor needs to work
out a specific structure, investors into BlueRock don’t need to
build up their own tax structure for the deal.
What makes BlueRock’s
Methodology so unique
and valuable?
Fully regulated by the Financial Services Commission (FSC) in Gibraltar and
the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg
Alternative Investment Fund Managers Directive (AIFM) compliant
Audited by BDO
Legally advised by Hassans, Gibraltar
> 300 Mio EUR under Management
Each investment completely ring fenced from the other
THE BLUEROCK FUND PCC LTD.

3. 3
Cell G
Property Cell Locations Accumulated BlueRock
• Properties managed by a BlueRock director
but not one of the BlueRock cells
Discretion
Investors into BlueRock stay confidential - your bank acts as your
nominee and therefore co-investors, financing banks, etc. will not
be provided with names of investors or beneficial owners.
No investor is exposed to the credibility or good standing of
another investor. By contrast, in club deal investors will be
informed about the other investors and, also when investing
directly into real estate the involved parties will be provided
detailed information on the beneficial ownership.
Trust / Security
Payments will only be executed with the directors consent and the
joint signatures from the administrator and the legal adviser.
Both are regulated and licensed independent third parties.
The bank checks the deal standard and constantly checks the
distributions and flow of money. Although this is not a legal
requirement, BlueRock adheres to a strict corporate governance
policy of checks and balances in order to protect the investors.
There are many real estate deals and even
more ways to invest into real estate –
What’s the right way to do it?
Why invest in Real Estate through BlueRock:
Access to unique investment opportunities
Fully regulated vehicle
Highest standard of due diligence
Most optimized tax structures
Best financing solutions
Quarterly property valuation
Quarterly reporting
Quarterly distribution
Subscription via ISIN, investment held by your bank.
dividends and interest collected by your bank
The investor buys a part of a particular real estate
investment and holds it through a participation in a
regulated fund
“Our investors approached us with the same question. Should they do a
direct investment, participate in a club deal or even a classical real estate
fund? Our detailed research and analysis of this question helped us create
the BlueRock Fund which we believe is a unique combination of all the
advantages of the various deals possible.
We consider BlueRock’s Investment methodology to be a unique “proprietary
style” professionally managed real estate investing. It gives individual investors
access to property which would otherwise not be attainable.”
Ronny Pifko - Director
Percentage of investments in
Germany / Switzerland
Percentage of investments in
Retail / Office / Residential

4. 4
Cell Launched: April 2013
First Quarterly Dividend: July 2013
ISIN GI000A1T6LV5
Deal Size: 28.5 Mio €
BlueRock’s Own Capital: 6.75 Mio * €
Expected Average Performance: 11% p.a
Annualised Effective CoC per January 2016 10.67%
Type Office Building
Location: Leipzig, Germany, 500m
from main train station
Tenant: Deutsche Telekom
Lease: 30th July 2022
Bloomberg ID: BBG005HJXFK6
Bloomberg Ticker: BLUEROA TL
Cell Launched: June 2013
First Quarterly Dividend: October 2013
ISIN GI000A1XDCP0
Deal Size: 34 Mio CHF
BlueRock’s Own Capital: 6.65 Mio CHF *
Expected Average Performance: ­­­­12% p.a.
Annualised Effective CoC per January 2016 15.60%
Type Retail
Location: Matran, Switzerland, along
the highway Berne-Geneva
Tenant: 12 tenants
Lease: Average of 7 years
Bloomberg ID: BBG005PB6NW4
Bloomberg Ticker: BLUEROB TL
Cell C - Sky
Cell A - Leipzig
Cell B - Matran
BlueRock was launched
in February 2013 and has
successfully completed
nine property deals within
36 months.
* joint venture partner involved
* joint venture partner involved
Cell Launched: August 2013
First Quarterly Dividend: January 2014
ISIN GI000A1XDCQ8
Deal Size: 50 Mio €
BlueRock’s Own Capital: 10.5 Mio *
Expected Average Performance: 10% p.a.
Annualised Effective CoC per January 2016 34.66%
Type Office Building
Location: Unterföhring, Germany, main
German media location on
the outskirts of Munich
Tenant: Sky Media
Lease: 14th May 2027
Bloomberg ID: BBG005PB6NW4
Bloomberg Ticker: BLUEROB TL
* joint venture partner involved

5. 5
Cell D - Berlin
Cell E - Frankfurt
Cell Launched: January 2015
First Quarterly Dividend: April 2015
ISIN GI000A12HLU3
Deal Size: 11.025 Mio EUR
BlueRock’s Own Capital: 3.3 Mio €
Expected Average Performance: 11%
Annualised Effective CoC per January 2016 5.42%
Type Health Care
Location: Berlin, Germany in central
Marzahn-Hellersdorf
Tenant: 12 Tenants
Lease: 5 Years Average Lease
Duration
Bloomberg ID: BBG0089CTYF4
Bloomberg Ticker: BLURKF4 TL
Cell F - Berlin Health
Cell Launched: September 2013
First Quarterly Dividend: January 2014
ISIN GI000A1W5AT9
Deal Size: 14.925 Mio
BlueRock’s Own Capital: 4.9 Mio
Expected Average Performance: ­­­­9% p.a.
Annualised Effective CoC per January 2016 5.29%
Type Office Building
Location: Berlin, Germany in
Lichtenberg
Tenant: Deutsche Telekom
Lease: 30th June 2025
Bloomberg ID: BBG005HJXFK6
Bloomberg Ticker: BLUEROD TL
Cell Launched: May 2014
First Quarterly Dividend: July 2014
ISIN GI000A1103A1
Deal Size: 54 Mio €
BlueRock’s Own Capital: 19.1 Mio €
Expected Average Performance: 12% p.a.
Annualised Effective CoC per January 2016 9.78%
Type Office Building
Location: Frankfurt Eschborn,
Germany
Tenant: Techem HQ
Lease: 2024
Bloomberg ID: BBG006H594Z0
Bloomberg Ticker: BLURCKE TL

6. 6
Cell Launched: January 2015
First Quarterly Dividend: April 2015
ISIN GI000A12HHD7
Deal Size: 14.1 Mio EUR
BlueRock’s Own Capital: 5 Mio
Expected Average Performance: 10%
Annualised Effective CoC per January 2016 11.02 %
Type Office Building
Location: Cologne, Germany in
Junkersdorf
Tenant: Pfeifer & Langen
Lease: 31.03.2023
Bloomberg ID: BBG0089CX3Y6
Bloomberg Ticker: BLURKG4 TL
Cell G - Cologne HQ Pfeifer & Langen
Cell Launched: November 2015
ISIN GI000A14Z9B7
Portfolio Size: 73 Mio EUR
Expected Distributions: Years 1-4: 5% p.a.,
Year 5: 72%
Expected Average Performance: 18% p.a.
Type Residential Buildings
Location: Berlin, Germany
Strategy: Wholesale to Retail of
condominiumization
Investment Term: 5-6 Years
Bloomberg Ticker: BLURKH4 TL
Cell H - Berlin Growth
Cell Launched: December 2015
First Quarterly Dividend: April 2016
ISIN GI000A2ABT92
Deal Size: 66 Mio EUR
BlueRock’s Own Capital: 21.2 Mio EUR
Expected Average Performance: 9%
Type Office Building
Location: Cologne, Germany
Tenant: Neven DuMont
Lease: 2031
Cell J - Cologne, Neven DuMont HQ

7. 7
James Lasry
James Lasry is Funds Partner and Head of
the Funds Team at Hassans International Law
Firm, member of the Law Society of England
& Wales, the Israel Bar Associations and the Gibraltar Bar.
Mr. Lasry serves as the chairman of the Gibraltar Funds
Industry Association and is licensed by the Financial
Services Commission to act as director of Experienced
Investor Funds in Gibraltar.
Samuel V. M. Cohen
SVM Cohen, FCA is senior partner at Benady
Cohen & Co, Chartered Accountants.
Mr. Cohen is a member of the Gibraltar
Finance Centre Council, executive of Gibraltar Fund
and Investment Association (GFIA) and the Gibraltar
Accountants Association (GSA), and is the Gibraltar
representative for the Institute of Chartered Accountants
in England and Wales (ICAEW). Mr. Cohen holds an EIF
director license issued by the Gibraltar’s Financial Services
Commission.
Shaun Cawdery
Shaun Cawdery is the Director of Robus
Risk Services (Gibraltar) Limited and a Fellow
of the Association of Chartered Certified
Accountants (FCCA). Mr. Cawdery has significant
experience in financial services as a result of his current
directorship roles in the insurance and funds industries and
before that as a statutory auditor specialising in insurance
and funds. Mr. Cawdery is a member of the Finance
Faculty of the Gibraltar Society of Accountants and a
member of the Gibraltar Insurance Institute. Mr. Cawdery
is licensed by the Financial Services Commission to act as
director of Experienced Investor Funds in Gibraltar.
Officer of International
Taxation
Directors
Ronny Pifko
Founder of BlueRock
Ronny Pifko is the founder and director of
BlueRock Fund. He was born and raised in
Zurich and has received his education there
as well. His experience in the German and Swiss real
estate market goes back to his former functions as CFO
and consultant for an international tax advisory firm, where
he operated primarily in the real estate field. He previously
guided UHNW clients who bought Real Estate in
Switzerland and Germany. In his role as consultant Ronny
accompanied clients through all due diligence phases,
financing requests up until the setup of tax structures and
companies as well as property/asset management.
IMPORTANT NOTICE:
THIS DOCUMENT DOES NOT CONSTITUTE, OR FORM ANY PART OF, ANY OFFERING, WARRANTY, FINANCIAL ADVICE, OR ANY SOLICITATION OF ANY OFFER, TO BUY OR SUBSCRIBE FOR
ANY SHARES IN BLUEROCK FUND PCC LIMITED. THIS DOCUMENT SHOULD BE READ TOGETHER WITH THE PRIVATE PLACEMENT MEMORANDUM (“PPM”) ORIGINALLY ISSUED BY THE
FUND ON 12TH MARCH 2013 AND SUBSEQUENTLY AMENDED. A FULL DESCRIPTION OF THE FUND, AS WELL AS THE RIGHTS AND OBLIGATIONS OF THE INVESTORS, CAN BE FOUND IN
THE PPM, WHICH IS THE ONLY BINDING OFFERING DOCUMENT CONCERNING THE FUND. ANY INVESTMENT IN THE FUND SHOULD BE BASED SOLELY ON THE INFORMATION CONTAINED
IN THE PPM.
Steve Sorotzkin
US Tax Attorney and counsel at Hassans
International Law Firm. Mr. Sorotzkin is also
a lecturer at Wolfgang Goethe University,
Frankfurt, Germany.
Investment Committee
Keith Burman
Conducting Officer - Illiquid Assets
Keith started working with Maitland in July 2014. He is an
independent director and partner of ManagementPlus, a
Luxembourg based corporate governance firm, with specific experience
in real estate and private equity fund investments, AIFMD and despositary
services. Keith was previously Senior Managing Director of State Street’s
EMEA private equity and real estate administration business, responsible
for Product Development and Relationship Management, as well as their
Luxembourg & Ireland Alternative Investment Solutions offices. Prior to
that, Keith worked for Brown Brothers Harriman, LaSalle Investment
Management and JLL in Luxembourg and London. Keith works with
several professional bodies (ALFI, INREV, ILA) and is a chartered fellow of
RICS and an ILA Certified Director.
Kavitha Ramachandran
Conducting Officer - Liquid Assets
Kavitha joined Maitland in 2001. She is responsible for
managing Maitland’s institutional clients services (excluding
South Africa), including client relationship management and business
development. Her areas of expertise cover investment fund structures
and domiciles and operations (fund accounting and reporting, transfer
agency and corporate governance). Kavitha also has experience
in Luxembourg company structures and trusts and finance. She is
responsible for the transfer of the fund administration services for the
offshore funds administered by Maitland in Luxembourg to its sister
company in South Africa. Prior to joining Maitland, Kavitha was with
Liberty Ermitage S.A. in Luxembourg.
Stefano Beneduci
Stefano holds a Master’s degree in Economics and Business
from the LUISS Business School of Rome obtained in 2007
and a Master’s degree in ‘Funds and asset management
in the financial, banking and insurance fields’ issued by
Université Paris Ouest-Nanterre La Défense in 2011. Stefano is fluent
in English, French and Italian and speaks basic level Spanish. After
having started his career in Rome as an external auditor, Stefano moved
to Luxembourg in 2007 where he worked for Lombard International
Assurance S.A. between 2007 and 2012 in the capacities of fund
accountant, account officer and performance and investment compliance
analyst. In 2013 Stefano was employed as a risk manager by MDO
Services S.A. where he reported to the Conducting Officers and carried
out risk management oversight tasks for six UCITS Funds. In 2014,
Stefano joined MS Management Services S.A. as a risk officer where he
has in been in charge of carrying out investment compliance and risk
reporting duties for several Alternative Investment Funds and has been a
member of MSMS’s Valuation and Risk Committees. In December 2015
Stefano took on the role of Conducting Officer and has been responsible
for MS Management Services’ risk management framework since.
Greg Harris
Conducting Officer - Risk
Greg is a Senior Investment Manager and a member of
the group Investment Committee. His focus is investment
advisory and wealth management services for UNHW private clients.
He advises a number of families on their overall investment strategy and
also manages a number of private client multi-asset mandates. Greg
has had experience advising on both public and private market assets
and strategies and leads the research team focused on global alternative
strategies. In 2007 he was part of the team that setup Maitland’s wealth
management capability in South Africa domiciled portfolios. Greg
originally joined Maitland (then FinSource) in 2006 in the global hedge
fund administrative team.

8. CONTACT DETAILS:
BLUEROCK FUND PCC LIMITED, EUROPORT SUITE 955, GIBRALTAR TEL: 00 350 200 66128
WWW.BLUEROCKFUND.COM INFO@BLUEROCKFUND.COM