Bluerock Value Exchange, a sponsor of syndicated 1031 exchange offerings, has sold out its latest 1031 exchange program, BR Big Creek DST, a Class A, 372-unit, multifamily community located in the affluent Atlanta suburb of Alpharetta, Georgia. The securities offering was fully subscribed for more than $35 million in capital.
“Bluerock Value Exchange concentrates solely on acquiring high-quality, Class A 1031 replacement properties with potential to deliver attractive current cash flow and grow investor capital,” said Ramin Kamfar, founder and CEO of Bluerock Real Estate, BVEX’s parent company. “There’s significant need, particularly among independent broker dealers, for high-caliber replacement properties from established sponsors with proven performance records, and we are meeting this demand.”
Built in 2016, Big Creek is comprised of nine, three-story residential buildings on 20 acres of land. The community offers one-, two-, and three-bedroom floor plans averaging 1,025 square feet with property amenities including a fitness center, theatre, media/billiards room, outdoor fireplace and resort-style swimming pool.
The community is within walking and biking distance to the Big Creek Greenway and adjacent to Halcyon, a $370 million, mixed-use project that will include a theatre, hotels, offices and high-end townhomes as well as 50+ acres of greenspace and a trailhead to the 9.6-mile Big Creek Greenway.
Bluerock Value Exchange has structured 1031 exchanges on more than $800 million in total acquisition cost and nearly 6.5 million square feet of property.