Harrison Trace
Class A single-family rental property in Charlotte, NC — sponsored by Bluerock Value Exchange
Files with the SEC as BR Harrison Trace, DST
Sponsor-reported, from SEC filings and cited sources.
What is this, in one paragraph?
Harrison Trace is a Delaware statutory trust (DST) — a structure that lets 1031 exchange investors hold fractional interests in real estate — owning a newly built, rent-only detached-home community in Charlotte, North Carolina.2 Bluerock Value Exchange sponsors it, and the homes are held free of mortgage debt. The Trust's Form D, filed in 2022, reported a $48,182,163 offering to accredited investors.1
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These links support the historical public record; individual details may come from different sources.
On a 45-day clock? Find day 45 and day 180 from the sale date, then come back to this record.
What exactly is the property?
Harrison Trace sits at 5605 Harrison Trace Drive in Charlotte, North Carolina.2 Bluerock's term sheet describes a Class A, built-for-rent single-family community completed in 2021–2022 on roughly 14.07 acres.2 The sponsor's portfolio page lists the community at 145,359 square feet.3 The materials reviewed do not state when the Trust closed on the purchase.
- Reported location
- Charlotte, NC
- Property size
- 84 two-story detached homes
Who is the tenant, and what's the lease?
There is no corporate tenant here — individual households rent the homes. The Trust master-leases the whole community for ten years to BR Harrison Trace Leaseco, LLC, a Bluerock affiliate formed for the deal, which subleases to residents and operates the property.4 Investor income therefore tracks how that operator performs.
How did it end?
Sold
The Harrison Trace property page is marked SOLD on Bluerock's portfolio listing, indicating the trust completed a full-cycle sale of its Charlotte NC single-family rental community; no public press release disclosing equity multiple, hold period, or sale price was located.
June 2022 offering materials describe a $48,182,163 all-cash offering to sell 99% of beneficial interests to accredited investors, with an approximately 7–10-year projected hold; term sheet describes approximately 14.07 acres. No dated news article or news-based subscription-status evidence was found.
84 two-story detached homesHow is it financed, and what does it pay?
The Trust bought the community outright: Bluerock's term sheet says the property is unencumbered and the manager did not anticipate permanent financing or senior debt.2 That means no loan maturity to refinance and no lender foreclosure risk — and no borrowed capital working in the deal either.
- Financing
- All cash. This offering reports no mortgage debt.
Who's behind it?
Bluerock Value Exchange, LLC is named as the sponsor in the June 1, 2022 offering brochure for this Trust.4 The same organization supplies the master tenant, BR Harrison Trace Leaseco, LLC, a Delaware entity formed for this transaction, so sponsor affiliates sit on both sides of the lease.4 Research through August 23, 2026 turned up no later disclosed event involving this Trust or the sponsor's exchange platform.
- Sponsor
- Bluerock Value Exchange
- Legal Trust name
- BR Harrison Trace, DST
- May convert to a REIT
- No
- Offerings from this sponsor
- 5 active / 18 total offerings from Bluerock Value Exchange
Reported by the sponsor. Top1031 does not independently audit sponsor-reported figures.
What does the paperwork say?
A Form D is the brief notice an issuer files with the SEC after its first sale of unregistered securities; this one reported a first sale on June 30, 2022.1 The exemption claimed prohibits general advertising, so interests were offered privately to accredited investors — those meeting SEC income or net-worth tests. Nothing further has been filed since.
- Form D filedFirst and latest filing on record.
- Filings on record
- 1
- How it may be offered
- Rule 506(b)Not advertised publicly. Offered through existing relationships.
- 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.
Common questions
What happened to Harrison Trace?
Top1031 lists Harrison Trace as historical. It is no longer raising money.
Where does Top1031 get the data for Harrison Trace?
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.
Where is Harrison Trace and what kind of property is it?
Bluerock Value Exchange's term sheet places the property at 5605 Harrison Trace Drive, Charlotte, North Carolina 28269. It is a Class A, built-for-rent community of two-story detached rental homes described as completed in 2021–2022 on approximately 14.07 acres, and the sponsor's portfolio page lists 145,359 square feet.
Is this Trust still open to new investors?
Top1031 classifies it as raising. The only SEC filing on record for BR Harrison Trace, DST is the Form D dated July 8, 2022, and no amendment or closing notice has appeared since. The sponsor's portfolio page is undated and does not establish whether the offering has since been fully subscribed, so current subscription status is unconfirmed.
Does the Trust carry a mortgage?
No. Bluerock's term sheet states the Trust acquired the property in an all-cash transaction, that the property was not encumbered, and that the manager did not anticipate permanent financing or senior debt. An unleveraged DST has no loan maturity and no lender that can foreclose, but investors seeking replacement debt for a 1031 exchange will not find matching debt at the Trust level.
What was the minimum investment?
The June 1, 2022 brochure set a $100,000 minimum for 1031 exchange investors, which it described as equal to a 0.20547% interest in the Trust. The Form D filed July 8, 2022 also reports a $100,000 minimum outside investment.
What has the sponsor published about rents at the property?
Bluerock's term sheet states that recent leases for each floorplan were signed at rental rates 12.3% higher than the prior leases on those floorplans. That is a sponsor-reported, historical figure from the 2022 marketing materials, not a current operating report; no later property-level performance disclosure was located.
How is the Trust offered, and who can invest?
It is offered under Rule 506(b) of Regulation D, a private-placement exemption that bars general solicitation and advertising, meaning the sponsor may only offer interests to investors with whom it has a pre-existing relationship. Buyers must be accredited investors, and the governing terms are set out in the private placement memorandum (PPM), not in the SEC filing.