The cluster of open-market purchases, especially the director's $1.16M buy, suggests insiders see value at current levels. Monitor for any upcoming NAV disclosure or earnings update that could catalyze price discovery.
Price Chart
Executive Summary
Three BPRE insiders, including a director and the President, made open-market purchases totaling approximately $1.21M over a 7-day window. Director Kamfar Ramin's $1.16M purchase dominates the cluster, signaling strong insider conviction at a time when the stock trades near its net asset value.
Key Financial Metrics
Key Facts
- Director Kamfar Ramin purchased 92,500 shares at $12.56 for ~$1.16M on 2026-10-15
- President Jordan B. Ruddy purchased 3,520 shares at $12.59 for ~$44K on 2026-10-14
- Director Ryan S. MacDonald purchased 120 shares at $12.80 for ~$2K on 2026-10-13
- Total cluster value: ~$1.21M, all open-market buys (code P)
- No 10b5-1 plan indications or routine pattern detected
Financial Impact
Total insider purchases of ~$1.21M represent approximately 0.37% of BPRE's $326M market cap, a modest but notable signal given the director's large personal commitment.
Risk Factors
- BPRE is a non-traded REIT with limited daily liquidity — price discovery may be slow
- Insider purchases at a non-traded fund may not reflect near-term catalysts
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BPRE-1792443734298 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Insider Cluster | $12.55 | awaiting T+20 | — | $12.56 (+0.08%) |
Oct 23, 2026 2d ago | Insider Cluster | $12.37 | awaiting T+20 | — | $12.56 (+1.54%) |
Oct 21, 2026 5d ago | Insider Cluster | $12.37 | awaiting T+20 | — | $12.56 (+1.54%) |
Oct 19, 2026 7d ago | Insider Cluster | $12.40 | awaiting T+20 | — | $12.56 (+1.29%) |
Oct 15, 2026 11d ago | Insider Cluster | $12.34 | awaiting T+20 | — | $12.56 (+1.78%) |
Oct 15, 2026 11d ago | Insider Cluster | $12.34 | awaiting T+20 | — | $12.56 (+1.78%) |
Oct 5, 2026 21d ago | Insider Cluster | $13.09 | awaiting T+20 | — | $12.56 (−4.05%) |
Sep 30, 2026 25d ago | Insider Cluster | $12.62 | awaiting T+20 | — | $12.56 (−0.48%) |
Sep 30, 2026 25d ago | Insider Cluster | $12.62 | awaiting T+20 | — | $12.56 (−0.48%) |
Sep 29, 2026 27d ago | Insider Cluster | $12.54 | awaiting T+20 | — | $12.56 (+0.16%) |
US Market Status
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