Bluerock Value Exchange Fully Subscribes $46.5 Million DST Offering
Bluerock Value Exchange, a national sponsor of 1031 exchange and Delaware statutory trust investment programs, announced it has fully subscribed BR Diversified Industrial Portfolio I, DST program with $46.5 million in equity from third-party investors and $36.5 million in first mortgage proceeds. The minimum investment accepted from outside investors was $100,000.
Bluerock reported more than $2.5 billion in past and current 1031 exchange programs as of February 2024. It launched BR Diversified Industrial Portfolio III DST earlier this year, its 36th individual DST program.
The DIP I DST offering includes a five-property industrial sector portfolio with locations in the Sunbelt and western markets featuring more than 570,000 square feet of warehouse/distribution properties with six distinct tenants, including several public companies: Herc Rentals and Pfizer, Inc.
DIP I seeks to provide investors with stable monthly cash flow pursuant to in-place, triple net leases to a diverse group of industrial tenants and the potential for capital appreciation due to high demand for industrial properties within highly sought-after infill locations. The program also provides investors with multiple options upon a future exit strategy event including 721 exchange (UPREIT) or subsequent cash-out/1031 exchange optionality.
“We are pleased with the successful full subscription of this investment program. We are providing investors with differentiated 1031 exchange opportunities to diversify their investment across multiple properties, industries, and geographies within one investment and in our highest conviction real estate sector – the industrial sector,” said Josh Hoffman, president of Bluerock Value Exchange.
“Today’s infill warehouse and distribution properties have unparalleled demand tailwinds within the commercial real estate sector from e-commerce, U.S. manufacturing and consumer distribution needs which serves as both downside protection, while also providing tremendous upside appreciation potential and places investor’s capital in a uniquely favorable position for outsized returns,” added Hoffman.
Bluerock Value Exchange is a national sponsor of syndicated 1031 exchange offerings with a focus on exchange properties that seek to deliver stable cash flows and potential for value creation. Bluerock has structured 1031 exchanges of more than $2.5 billion in total property value and 13 million square feet of property.
Bluerock is an institutional alternative asset manager with more than $14 billion of acquired and managed assets. Headquartered in Manhattan with regional offices across the United States, Bluerock principals have a collective 100+ years of investing experience with more than $120 billion real estate and capital markets experience and have helped launch leading private and public company platforms.
For more Bluerock news, click here to visit their directory page.
