Top1031

District at Parkview Apartments

Multifamily property in Stone Mountain, Georgia — sponsored by Bluerock Value Exchange

Files with the SEC as BR Parkview Multifamily, DST

Minimum investment
$100k
Offering size
$39.5M
How much has sold
None sold yet
Asset type
Multifamily property
Location
Stone Mountain, Georgia
Financing
Leveraged. This offering reports mortgage debt on the property.

Sponsor-reported, from SEC filings and cited sources.

Chapter 1

What is this, in one paragraph?

BR Parkview Multifamily, DST is a Delaware statutory trust — a structure that lets 1031 exchangers hold fractional real estate passively — that owns District at Parkview, an apartment community in Stone Mountain, Georgia, in metro Atlanta. Sponsored by Bluerock Value Exchange, the Trust closed the purchase on December 18, 2025 for approximately $66.6 million and is raising equity from accredited investors, those meeting SEC income or net-worth tests.2

District at Parkview Apartments image 1 of 3

Acq $66.6M Dec-25; $38.6M Fannie Mae loan (~49% LTV of $78M total); newly built Class A; BVEX 44th DST

Show sources (8)Hide sources (8)

These links support the public record as a whole; individual details may come from different sources.

Location map5141 Stone Mountain Highway, Stone Mountain, Georgia 30087Address matched to a cited source

On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.

Chapter 2

What exactly is the property?

Brand Properties' project page identifies Brand Properties as the developer of District at Parkview.5 A selling broker-dealer's offering page describes a Class A garden-style community completed in 2023, on roughly 15.55 acres across eight residential buildings plus a clubhouse and leasing building, a separate amenity building, and 442 parking spaces.1 The Trust closed the purchase on December 18, 2025 for approximately $66.6 million, from an unaffiliated seller after arm's-length negotiations.2

Property address
5141 Stone Mountain Highway, Stone Mountain, Georgia 30087
Property size
264 units; 255,117 net rentable square feet
Chapter 3

Who is the tenant, and what's the lease?

This is an apartment community: income comes from hundreds of household leases rather than one corporate tenant on a long contract. No reviewed source names a master tenant, quantifies occupancy, or establishes a filed property-management agreement.

Chapter 4

How are sales going?

These are the sponsor’s own numbers. They can lag what has actually sold, and they do not confirm that interests are still available.

How we work out how much has sold

We divide the amount the sponsor reports sold by the offering size in its latest SEC filing, filed Jan 22, 2026.

  • The sponsor reports these amounts itself, and can amend them later.
  • A filing can be behind what has actually sold. It does not confirm that interests are still available.
  • The amount left to sell is the offering size minus the amount sold.

Raise history appears here once sales are filed — free account required.

Chapter 5

How is it financed, and what does it pay?

Leveraged means the Trust carries mortgage debt rather than owning the building free and clear. A selling broker-dealer's page describes a $38,625,000 Fannie Mae DUS loan with KeyBank National Association as lender — under DUS, an approved lender originates the loan and shares the credit risk with Fannie Mae.1

Financing
Leveraged. This offering reports mortgage debt on the property.
Chapter 7

What does the paperwork say?

The securities record is brief and so far unamended: a single Form D reached the SEC weeks after the property had already been bought and placed in the Trust, with a first sale dated January 20, 2026.4 Rule 506(c) means the sponsor may advertise the Offering publicly but must verify each buyer's accredited status rather than accept self-certification.

  1. Form D filedFirst and latest filing on record.
Filings on record
1
How it may be offered
Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
Source filing
Read the filings on SEC EDGAR

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.

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 Private Placement Memorandum before investing.

Chapter 8

Common questions

Is District at Parkview Apartments still raising money?

Top1031 lists District at Parkview Apartments as active because the sponsor is still filing with the SEC. That does not confirm that interests remain available.

Where does Top1031 get the data for District at Parkview Apartments?

Top1031 builds this record from the sponsor’s own SEC filings and cited sponsor disclosures. Filings can lag what is happening now. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.

What am I actually buying?

A beneficial interest in a Delaware statutory trust that owns one apartment community, District at Parkview in Stone Mountain, Georgia. DST interests are built so an investor can complete a 1031 exchange into real estate without operating it: holders have no management control and cannot direct a sale or a refinancing. The interests are offered under Regulation D Rule 506(c), the rule permitting general advertising to buyers whose accredited status the issuer verifies.

How old is the property, and who built it?

A selling broker-dealer's offering page describes District at Parkview as a Class A garden-style community completed in 2023, on about 15.55 acres with eight residential buildings, a clubhouse and leasing building, a separate amenity building, and 442 parking spaces. Brand Properties' own project page identifies it as the developer. Bluerock Value Exchange described the asset as newly built Class A when it announced the launch on January 14, 2026. Confirm the completion date in the PPM, the private placement memorandum that governs the offering.

What did the Trust pay, and how does that compare to an appraisal?

A Form 8-K filed by the Bluerock reporting entity states the Trust and a wholly owned subsidiary closed the acquisition on December 18, 2025 for approximately $66.6 million, from an unaffiliated seller based on arm's-length negotiations. A selling broker-dealer's offering page reports the $66,600,000 purchase against a December 2025 Colliers 'As Is' appraised value of $68,100,000, and a loaded total offering purchase price of $78,111,498 that includes acquisition and offering fees, expenses, and reserves. Verify the appraisal and the sources-and-uses table in the PPM.

Who is the lender, and what are the loan terms?

A selling broker-dealer's offering page reports $38,625,000 of Fannie Mae DUS debt against $39,486,498 of equity, names KeyBank National Association as lender at a 5.18% fixed rate with a ten-year term, interest-only with no amortization, and a loan-to-capitalization ratio of 49.45%. Those are distributor-reported terms; the loan documents and the PPM control, so verify each one there.

Is the Offering still open?

Top1031 lists this Trust as raising based on the Form D filed January 22, 2026, with no amendment or closing notice located since. A selling broker-dealer's offering page labeled the status Available, and its offering-data block, marked last updated August 3, 2026, showed roughly $13.0 million of equity — about 32.9% — still available. That is distributor-reported and not confirmed by the issuer in the records reviewed; only the sponsor or a selling broker-dealer can confirm what remains today.

Is there a 721 or UPREIT exit?

Top1031's data shows no 721/UPREIT feature for this Trust — no stated path to exchange trust interests for operating-partnership units in a REIT at exit, which is why the record shows it as not converting to a REIT. Exit mechanics are governed by the PPM and the trust agreement, so verify there.

Chapter 9

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