BR Diversified Industrial Portfolio V, DST (DIP V)
Industrial property in North/South Carolina (portfolio), North and South Carolina · sponsored by Bluerock Value Exchange
BR Diversified Industrial Portfolio V, DST (DIP V) was a DST sponsored by Bluerock Value Exchange that owned an industrial property in North/South Carolina (portfolio), North and South Carolina. Its last Form D was filed Mar 5, 2025.
How it ended
No outcome recorded · under 7 years
The record lists the offering as fully subscribed; the last Form D was filed Mar 5, 2025.
Key facts
- Minimum investment
- $100,000From the Form D
- Offering size
- $36,717,523Equity offered, per the Form D
- Sold
- 1.3%Form D, Mar 5, 2025; the % is our arithmetic
- Investors reported
- Form D, Mar 5, 20251
- Selling commissions
- Form D Item 15; the % is our arithmetic$3,176,065 · 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 V, DST (DIP V). Top1031 is not a broker-dealer.BR Diversified Industrial Portfolio V, DST (DIP V) · North/South Carolina (portfolio), North and South Carolina · Photo: realtymogul.com
What did the Trust own?
A listing for the offering identifies the two buildings as 920 Dunn in Fayetteville, North Carolina, a 151,352-square-foot property built in 2024, and 651 Century in Myrtle Beach, South Carolina, a 106,725-square-foot property dating to 2002. 2 Colliers reported that developer RealtyLink sold the newly constructed Fayetteville manufacturing facility to Bluerock Real Estate on January 9, 2025. 3 The Trust's own SEC filing names no street addresses.
- Property address
- Two-property industrial portfolio spanning North Carolina and South Carolina (specific addresses not publicly disclosed), North/South Carolina (portfolio), North and South Carolina
- Property size
- two properties; approximately 255,000 square feet combined
How was it financed, and what did it cost to sell?
The sponsor describes the Trust as unlevered and debt-free, with no mortgage on either building. 1 That means no lender, no loan covenants and no maturity date that could force a refinancing or a sale on someone else's calendar.
Debt
- Financing
- All cash. This offering reports no mortgage debt.
Costs and terms from the Form D
- Selling commissions
- $3,176,065 · 8.6% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $2,836,457 · 7.7% of offeringForm D Item 16· The filing’s note: “The Manager receives an acquisition fee of $803,138. The Sponsor receives organization and operating expenses of $275,381 + closing cost reimbursement of $1,757,938”
- 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
- Feb 28, 2025
- 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 DST sponsorship arm of Bluerock, offering fractional interests to 1031 exchange investors. This Trust is its 41st DST program and the fifth in its sequential diversified industrial series. The firm announced the launch on March 10, 2025. 4 It announced on August 19, 2025 that the offering had been fully subscribed with $36.7 million of equity from individual investors. 1
- Sponsor
- Offerings on record
What does the SEC record show?
The Trust's SEC record is a single Form D — the brief notice a private offering files with the regulator — with no amendments since, so the subscription figures reported there reflect the offering's first days rather than the sponsor's later full-subscription announcement. Rule 506(c) permits public advertising but limits buyers to verified accredited investors.
- Legal Trust name
- BR Diversified Industrial Portfolio V, DST
- SEC CIK
- 2058757
- First Form D
- Mar 5, 2025
- Latest Form D
- Mar 5, 2025
- 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 | Investors | Filing on SEC EDGAR |
|---|---|---|---|---|---|
| Form D | $36,717,523 | $506,799 | 1 | 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 V, DST (DIP V)?
- BR Diversified Industrial Portfolio V, DST (DIP V) is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Mar 5, 2025.
- Who are the tenants?
- Bluerock Value Exchange described both buildings as leased to credit-rated, publicly traded industrial tenants on triple-net leases. A listing for the offering identifies NVR, Inc. at the Fayetteville, North Carolina property with a lease running through November 30, 2034, and Builders FirstSource at the Myrtle Beach, South Carolina property through July 31, 2028.
- Is there a mortgage on the properties?
- No. The sponsor describes the Trust as all-cash, unlevered and debt-free. Investors in an all-cash DST take no share of mortgage debt, which matters if your relinquished property carried debt you need to replace in the exchange — a point to work through with your qualified intermediary and tax adviser.
- Could this Trust convert into a REIT through a 721 exchange?
- The record shows no 721/UPREIT feature — the mechanism by which some DSTs contribute their property to a REIT's operating partnership in exchange for units. Nothing in the sponsor's launch or full-subscription announcements describes such an exit for this Trust.
- Has anything happened since the raise closed?
- No disposition, sale or full-cycle result has been reported for this Trust. Its SEC file still contains only the original Form D, and the sponsor's most recent announcement about it is the August 19, 2025 full-subscription release.
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.