Bluerock Value Exchange (BVEX), a 20-year, national sponsor of 1031 exchange and Delaware Statutory Trust (DST) investment programs, announced it has fully subscribed BR Diversified Industrial Portfolio V, DST (DIP IV) with $36.7 million in equity from individual investors. Bluerock reported more than $2.8 billion in past and current 1031 exchange programs.
“We are pleased with the successful completion of our fifth diversified industrial portfolio DST representing more than $246 million in tax-deferred 1031 exchange investments,” said Josh Hoffman, President of Bluerock Value Exchange. “We believe the industrial sector is poised to deliver strong NOI growth due to long-term manufacturing and distribution tailwinds driving demand within the sector. We believe we can best accomplish our investor’s goals of preserving capital, deliver stability of income, and generate high risk-adjusted returns over a moderate hold period through these types of diversified portfolios,” added Hoffman.
The unlevered (all-cash) DST offering includes a two state (North and South Carolina), two property industrial sector portfolio comprised of approximately 255,000 square feet of combined critical manufacturing, warehouse and highly coveted outdoor storage and distribution properties which are 100% leased to two credit-rated, publicly traded industrial tenants.
DIP V seeks to provide investors with stable monthly cash flow pursuant to long-term triple net leases and the potential for capital appreciation due to heightened demand for industrial properties, coupled with the ability to drive future rent and net operating income (NOI) growth with current rents substantially below (approximately 20% on average) market rates. The DST program also provides investors with multiple options upon a future exit strategy event including 721 exchange (UPREIT) or subsequent 1031 exchange / cash out optionality.
About Bluerock Value Exchange
With a 20-year track record, Bluerock Value Exchange is a national sponsor of syndicated 1031-exchange offerings with a focus on Premier Exchange Properties™ that seek to deliver stable cash flows and potential for value creation. Bluerock has structured 1031 exchanges of more than $2.8 billion in total property value and 14.9 million square feet of property. Additional information can be found at bluerockexchange.com.
About Bluerock
Bluerock is a leading institutional alternative asset manager with more than $19 billion of acquired and managed assets headquartered in Manhattan with regional offices across the U.S. 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. Additional information can be found at bluerock.com.
