BR Diversified Industrial Portfolio II
Industrial property · sponsored by Bluerock Value Exchange
BR Diversified Industrial Portfolio II was a DST sponsored by Bluerock Value Exchange that owned an industrial property (424,017 sq ft). Its last Form D was filed Aug 16, 2023.
How it ended
No outcome recorded · under 7 years
The record lists the offering as fully subscribed; the last Form D was filed Aug 16, 2023.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $54,910,038Equity offered, per the Form D
- Sold
- Not reported after the first Form D (Aug 16, 2023)Form D, Aug 16, 2023
- Selling commissions
- Form D Item 15; the % is our arithmetic$4,749,718 · 8.6% of offering
- Financing
- All cash. This offering reports no mortgage debt.How it is financed ↓
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
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Ask a 1031 specialist about this recordFree. About: BR Diversified Industrial Portfolio II. Top1031 is not a broker-dealer.What did the Trust own?
The Trust's three buildings sit in two North Carolina markets. In Fayetteville, the Dunn Road property at 1005 Dunn Road and 1030 Fort Worth Avenue is a 127,500-square-foot distribution warehouse carrying a stated completion of 1999/2022. 2 In Charlotte, Bluerock's term sheet lists a 1986 distribution warehouse at 1827 Scott Futrell Drive and a larger 1960 warehouse-and-manufacturing building at 9415 Pioneer Avenue. 2
- Property size
- 424,017 sq ft (3 buildings, 5 tenants)
How was it financed, and what did it cost to sell?
Debt
- Financing
- All cash. This offering reports no mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $4,749,718 · 8.6% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $3,010,319 · 5.4% of offeringForm D Item 16· The filing’s note: “The Sponsor is entitled to organization & offering expenses of $411,825 + closing cost reimbursement of $1,374,744. The Manager will receive an acquisition fee of $1,223,750.”
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Bluerock Capital Markets LLC · CRD 136974
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Not in the Form D
- Minimum investment
- $100,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
Who's behind the Trust?
Bluerock Value Exchange is the 1031 exchange arm of Bluerock, whose Form D for this Trust lists a New York mailing address at 1345 Avenue of the Americas. 3 The filing names BIGR Exchange II TRS, LLC as sponsor and BR Diversified Industrial Portfolio II Manager, LLC as manager, with Bluerock Value Exchange, LLC as the manager's parent. 3 Bluerock Industrial Holdings, LP is listed as operating partnership and Bluerock Industrial Growth REIT, Inc. as a sponsor affiliate, tying the Trust to Bluerock's industrial platform. 3
- Sponsor
- Offerings on record
What does the SEC record show?
Bluerock filed one notice for this Trust and never amended it, so the SEC record reflects the offering as it stood at launch rather than at its close. 4 It was offered under Rule 506(c), which permits public advertising but requires the sponsor to verify that every purchaser is an accredited investor.
- Legal Trust name
- BR Diversified Industrial Portfolio II, DST
- SEC CIK
- 1989769
- First Form D
- Aug 16, 2023
- Latest Form D
- Aug 16, 2023
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $54,910,038 | $0 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Common questions
- What happened to BR Diversified Industrial Portfolio II?
- BR Diversified Industrial Portfolio II is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Aug 16, 2023.
- Why does the SEC filing not show the completed raise?
- Because the issuer filed a single Form D on August 16, 2023 — before sales — and never filed an amendment. Form D is a short notice of an exempt offering, not an ongoing report, so a sponsor that does not amend leaves the public record frozen at launch. Bluerock's own April 18, 2024 release is the source for the completed raise.
- What does the Trust actually own?
- Three industrial buildings in North Carolina: a distribution warehouse at 1005 Dunn Road / 1030 Fort Worth Avenue in Fayetteville, a warehouse at 1827 Scott Futrell Drive in Charlotte, and a warehouse-and-manufacturing building at 9415 Pioneer Avenue in Charlotte. Bluerock's term sheet describes the mix as warehouse, manufacturing and distribution space.
- Who are the tenants, and was the portfolio fully leased?
- The sponsor listed five tenants: Amazon and FedEx at the Fayetteville property, Mac Papers and Packaging at Scott Futrell Drive, and Central Aluminum Supply Corporation and Yale Industrial Products at Pioneer Avenue. As of July 2023 the sponsor reported the portfolio 90% leased, with a single vacant suite of nearly 49,000 square feet at Pioneer Avenue.
- Was this offering financed with a mortgage?
- Bluerock's July 2023 offering documents listed debt assumption as "None, All Cash" and its April 18, 2024 announcement described the portfolio as unleveraged. This directory's structured data classifies the Trust as leveraged, so the two records disagree; the trust agreement and offering documents are the controlling documents on the capital stack.
- Has anything happened to the portfolio since the offering closed?
- No primary public record of a sale, refinancing, lease default, or 721/UPREIT roll-up — an exit in which DST interests are exchanged for operating partnership units of a REIT — surfaced in research conducted through September 2, 2026. The Form D record shows no amendment, and no outcome has been reported.
In the news
Sources
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DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.