Bluerock Value Exchange (BVEX), a 20-year, national sponsor of 1031 exchange and Delaware Statutory Trust (DST) investment programs, announced the launch of its latest 1031 exchange/DST offering known as BR Diversified Industrial Portfolio 6, DST (DIP 6) which is seeking to raise approximately $71 million from accredited investors. DIP 6 represents BVEX’s 43rd individual DST program, and sixth sequential industrial-focused DST program.
The unlevered (all-cash) DST offering includes a three state (FL, NC, SC), four property industrial sector portfolio comprised of approximately 505,000 square feet of combined critical manufacturing, warehouse and distribution properties which are 100% leased to an attractive combination of investment-grade and credit-rated, publicly traded and privately held, global and large national tenants with in-place, long-term, triple net leases.
“We continue to see strong demand from 1031 exchange investors for industrial sector portfolios in high growth markets in a conservative all-cash structure,” said Josh Hoffman, President of Bluerock Value Exchange. “The industrial sector is poised to deliver strong rent and 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.
BVEX believes DIP 6 represents an attractive investment opportunity in an already assembled diverse portfolio located in desirable high growth sunbelt market locations. DIP 6 seeks to provide investors with stable monthly cash flow and the potential for capital appreciation with properties well positioned for additional rent growth and value creation as a result of the high projected demand for industrial properties within high growth markets and positioned along major transportation arterials and with rents substantially below (21% on average) current market rates, according to Costar.
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 $19.5 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.
